Mechanical Lloyd emerged the best performing stock on the Ghana Stock Exchange in the month of December last year.<\/p>\n
The BMW dealer led 9 other gainers having increased in value by 12% in December.<\/p>\n
Its share price was up by 3 pesewas from 25 pesewas to 28pesewas.<\/p>\n
5 of the 10 gainers in December were financial stocks, while 3 are into manufacturing.<\/p>\n
11 companies also recorded declines. 4 of them were financial stocks, while 5 are in the manufacturing sector.<\/p>\n
HFC Bank, followed Mechanical Lloyd to place as the second best performing stock on the bourse in December.<\/p>\n
Following the ruling on the landmark case on its mandatory takeover, the share price of HFC shot up by about 11%.<\/p>\n
It increased by 15 pesewas to close the month at 1 cedi 50pesewas.<\/p>\n
Another bank, Societe-General Ghana placed 3rd with a 7.5 percent appreciation of its share price. It closed the year at exactly 1 cedi.<\/p>\n
Insurance firm, Enterprise Ghana ranked 4th after an 11pesewas increase in share price resulted in an appreciation of the share value by about 7%. It closed the month at 1 cedi 75 pesewas.<\/p>\n
Oil marketing firm, GOIL occupied the 5th slot with a 6% increase in share price. Increasing by 6 pesewas it closed at 1 cedi 5pesewas.<\/p>\n
The rest of the gainers were Ayton Drugs, UT Bank with about 4% gain, Fanmilk and Ecobank Ghana which both increased by about 3% and Benso Oil Palm Plantation which increased a little below 2%.<\/p>\n
On the other hand, Aluminium Company- Aluworks led the losers with a whopping 50% slam in share price.<\/p>\n
Aluworks lost 2 pesewas off its share price of 4 pesewas it started the month of December with.<\/p>\n
It was followed by African Champion Industries and Pharmaceutical firm, Starwin, both lost just a pesewa and declined by about 33%. Their share prices were valued at 2 pesewas at the end of December.<\/p>\n
PZ Cussons followed with a 21% decline in share price after losing 8pesewas.<\/p>\n
Its share price was valued at 30pesewas at the close of the month of December.<\/p>\n
The rest of the decliners were PBC, Ecobank transnational Incorporated, Cal bank, Tullow Oil, GCB Bank, Standard Chartered Bank, and Unilever.<\/p>\n
Some 14 companies however maintained their share prices.<\/p>\n
They include Total Petroleum, SIC, Mega Africa Capital, Camelot, Clydestone, Guinness Ghana Brewery ltd among others.<\/p>\n
By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Mechanical Lloyd emerged the best performing stock on the Ghana Stock Exchange in the month of December last year. The BMW dealer led 9 other gainers having increased in value by 12% in December. Its share price was up by 3 pesewas from 25 pesewas to 28pesewas. 5 of the 10 gainers in December were […]<\/p>\n","protected":false},"author":14,"featured_media":80084,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[23,21,4],"class_list":["post-80016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-kwesi-annin","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/80016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80016"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/80016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/80084"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}