Tue, Jul 21st, 2009
Daily Market Report - 14 Jul 2009
HIGHLIGHTS
-
Trading activity today on the Ghana bourse was less exciting compared to its previous session. The market closed on a relatively low key with just three equities experiencing price changes. GCB at the end of today’s trading session improved its price by GH¢ 0.01 to GH¢ 0.63. The day’s decliners were SIC Insurance Company (largest insurer) and Ghana Oil Company Limited (Goil). The Oil marketing firm (Goil) shed 2 Ghana Pesewas to close at GH¢ 0.14 while SIC lost GH¢ 0.01 to close at GH¢ 0.23.
-
The Ghana Cedi slipped against its major trading currencies the U.S Dollar, the British Pound and the Euro on the inter-bank Forex market.
-
The money market continues to prove lucrative for both institutional and retail investors as Treasury bill rates continues to yields better returns compared to bearish capital market return of -48.35%.
The one and two year Treasury notes continues to remain unchanged at 21% per annum whiles 91-days and 182-days Treasury bills yields 25.85% and 28.82% per annum respectively at last Thursday’s auction at the Bank of Ghana.
