Aluminum Company Aluworks emerged the best performing stock on the Ghana Stock Exchange (GSE) in the month of October.
\nAluworks led gainers after increasing by about 33percent.
\nThe month of October saw 12 companies record gains while 6 others recorded declines in share price.
\nOf the 12 gainers, 7 were financial stocks while 4 are into manufacturing and processing.
\nWith just a pesewa gain, Aluworks ranked first with a 33% gain.
\nIts share price increased to 4 pesewas at the end of the October.
\nAluworks was followed by Produce Buying Company (PBC) with a 17% gain on its share price.
\nPBC’s share price increased by 2 pesewas to close at 14 pesewas.
\nThe Trust bank Gambia came 3rd with an 11% gain.
\nIts share price increased by 3 pesewas to close at 30 pesewas.
\nBenso Oil Palm continued its run with 34 pesewas gain to close the month at 4 cedis.
\nIt placed 4th.
\nCal bank and insurance firm SIC placed 5th after their share prices increased by about 8%.
\nCal bank\u2019s share price increased 7 pesewas to close at 1 cedi while SIC increased by 3pesewas to close at 43 pesewas.
\nGCB Bank and Standard Chartered bank came 7th while Ecobank Transnational incorporated followed taking the 8th slot.
\nThe rest of the gainers were PZ Cussons, Guiness Ghana Breweries and Ecobank Ghana.
\nOn the other hand, CPC led the list of decliners after it shed a pesewa which reduced its share price by 50%.
\nAt the end of October, it was valued at a pesewa per share.
\nUnilever Ghana also followed after losing about 15% of its share price.
\nIt lost 2 cedis 30 pesewas to close the month at 13 cedis 45 pesewas.
\nSociete General Ghana was the 3rd worst performing stock after it declined by about 9%.
\nIt lost about 8 pesewas to close the month of October at 85pesewas.
\nThe rest of the decliners were UT bank, Enterprise Group and Fanmilk Ghana ltd which all declined by a pesewa.
\n17 companies however maintained the same share price by the end of the period.
\nThey include Aryton drugs, GOIL, HFC bank, Starwin, Mega Capital and 12 others.<\/p>\n
<\/p>\n
By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Aluminum Company Aluworks emerged the best performing stock on the Ghana Stock Exchange (GSE) in the month of October. Aluworks led gainers after increasing by about 33percent. The month of October saw 12 companies record gains while 6 others recorded declines in share price. Of the 12 gainers, 7 were financial stocks while 4 are […]<\/p>\n","protected":false},"author":14,"featured_media":14987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"\n