Stocks are down 19.43% for the year which is only a few basis points away from the 20% drawdown which is the technical definition of a bear market. Even if we do not get into a bear market, stocks are likely headed for their worst performance since the 46.58% loss witnessed in 2009.
With elections only a few days away, investors are hoping for a peaceful process followed by some policy clarity going forward to inject some positivity into the market. Below are how stocks performed in November.
Equity | November Performance | YTD |
Ecobank Transnational Incorporation | 14% | 0% |
Fan Milk Limited | 3% | -74% |
NewGold Issuer Limited | 1% | 104% |
Ghana Commercial Bank Limited | 0% | -24% |
Standard Chartered Bank Ghana Ltd. | 0% | -18% |
AngloGold Ashanti Limited | 0% | 0% |
Access Bank Ghana | 0% | -12% |
Agricultural Development Bank | 0% | 0% |
AngloGold Ashanti Limited | 0% | 0% |
Aluworks LTD | 0% | 10% |
Clydestone (Ghana) Limited | 0% | 0% |
Camelot Ghana Limited | 0% | 22% |
Cocoa Processing Company | 0% | 50% |
DASPHARMA | 0% | 0% |
Digicut | 0% | 0% |
Enterprise Group Limited | 0% | -15% |
Ghana Oil Company Limited | 0% | -12% |
Golden Star Resources Ltd. | 0% | 0% |
HORDS LTD | 0% | 0% |
Intravenous Infusions (IIL) | 0% | 0% |
Mega African Capital Limited | 0% | 0% |
Mechanical Lloyd Company Ltd | 0% | 0% |
Meridian-Marshalls Holdings | 0% | 0% |
MTN Ghana Ltd | 0% | -13% |
Produce Buying Company Ltd. | 0% | 0% |
Republic Bank | 0% | -27% |
Samba Foods Ltd | 0% | 0% |
Standard Chartered Bank Ghana Ltd – Preference Shares | 0% | 1% |
Sam Wood Ltd. | 0% | 0% |
Trust Bank Limited (THE GAMBIA) | 0% | -15% |
Tullow Oil Plc | 0% | 0% |
Total Petroleum Ghana Ltd | 0% | -22% |
Unilever Ghana Limited | 0% | -44% |
CAL Bank Limited | -1% | -22% |
Societe Generale Ghana Limited | -2% | -11% |
Benso Oil Palm Plantation Ltd | -5% | -30% |
Guinness Ghana Breweries Ltd. | -10% | -47% |
Ecobank Ghana Ltd | -12% | -38% |
SIC Insurance Company Limited | -20% | 0% |