Performance of Ghanaian Stocks – February 2023

The Domestic Debt Exchange (DDE) finally concluded in February and investors are hoping that some semblance of normalcy will return to the market from March. Stocks are down 1.47% this year with financial stocks being down 5.17%. The full impact of the DDE on the balance sheets of banks and insurance companies is yet to be determined, but we can expect that financial stocks will struggle for the rest of the year. See how stocks performed in February below.

EquityShare Price (GH¢)February Returns2023 Returns
Unilever Ghana Limited2.9920%-23%
Total Petroleum Ghana Ltd4.5713%14%
MTN Ghana Ltd0.9212%5%
Benso Oil Palm Plantation Ltd9.6510%26%
AngloGold Ashanti Limited0.410%0%
Agricultural Development Bank5.060%0%
AngloGold Ashanti Limited370%0%
Aluworks LTD0.10%0%
Asante Gold Corp8.870%0%
Clydestone (Ghana) Limited0.030%0%
Camelot Ghana Ltd0.10%0%
Cocoa Processing Company0.020%0%
DASPHARMA0.40%0%
Digicut0.090%0%
Enterprise Group Limited3.20%0%
Ecobank Transnational Incorporation0.150%0%
HORDS LTD0.10%0%
Intravenous Infusions (IIL)0.040%0%
Mega African Capital Limited5.380%0%
Meridian-Marshalls Holdings0.110%0%
Produce Buying Company Ltd.0.020%0%
Pesewa One PLC0.680%0%
Republic Bank0.540%0%
Samba Foods Ltd0.550%0%
Standard Chartered Bank Ghana Ltd.19.950%-1%
Standard Chartered Bank Ghana Ltd – Preference Shares0.90%0%
SIC Insurance Company Limited0.310%0%
Sam Wood Ltd.0.050%0%
Trust Bank Limited (THE GAMBIA)0.80%0%
Tullow Oil Plc11.920%0%
Access Bank Ghana40%0%
Ghana Oil Company Limited1.68-1%-2%
NewGold Issuer Limited225.5-7%4%
CAL Bank Limited0.51-9%-22%
Ecobank Ghana Ltd5.98-10%-10%
Societe Generale Ghana Limited0.9-10%-10%
Fan Milk Limited2.07-17%-31%
Ghana Commercial Bank Limited3.15-19%-20%
Guinness Ghana Breweries Ltd.1.37-33%-33%

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