Performance of Ghanaian Stocks – September 2023

We’re officially on what I call the 30-watch, that is, the GSE Composite Index returning 30% or more this year. As at the last day of trading in September, stocks were up 29.81% with Fan Milk, Guinness and Societe Generale leading the way this month. Financial stocks are now down only single digits this year at 7.91% after being down by as much as 18% in May this year. See how all stocks performed below.

EquityShare Price (GH¢)September ReturnsFull Year Returns
Fan Milk Limited3118.12%0.33%
Guinness Ghana Breweries Ltd.2.0534.92%65.85%
Societe Generale Ghana Limited131.67%58.00%
Unilever Ghana Limited3.8818.08%108.76%
Standard Chartered Bank Ghana Ltd.20.1617.00%-3.37%
Ecobank Ghana Ltd6.6410.26%-35.24%
Benso Oil Palm Plantation Ltd7.659.98%143.53%
Access Bank Ghana4.019.93%-22.69%
Asante Gold Corp8.870.11%0.11%
AngloGold Ashanti Limited0.410.00%0.00%
Agricultural Development Bank5.060.00%0.00%
AngloGold Ashanti Limited370.00%0.00%
Aluworks LTD0.10.00%0.00%
Clydestone (Ghana) Limited0.030.00%0.00%
Camelot Ghana Ltd0.10.00%0.00%
Cocoa Processing Company0.020.00%0.00%
DASPHARMA0.40.00%0.00%
Digicut0.090.00%0.00%
Enterprise Group Limited3.20.00%-24.69%
Ecobank Transnational Incorporation0.150.00%0.00%
Ghana Commercial Bank Limited3.940.00%-11.17%
HORDS LTD0.10.00%0.00%
Intravenous Infusions (IIL)0.040.00%0.00%
Mega African Capital Limited5.380.00%0.00%
Meridian-Marshalls Holdings0.110.00%0.00%
Produce Buying Company Ltd.0.020.00%0.00%
Pesewa One PLC0.680.00%0.00%
Republic Bank0.540.00%0.00%
Samba Foods Ltd0.550.00%0.00%
Standard Chartered Bank Ghana Ltd – Preference Shares0.90.00%0.00%
SIC Insurance Company Limited0.310.00%-22.58%
Trust Bank Limited (THE GAMBIA)0.80.00%2.50%
Tullow Oil Plc11.920.00%0.00%
Total Petroleum Ghana Ltd40.00%125.00%
MTN Ghana Ltd0.88-2.03%64.77%
NewGold Issuer Limited217.8-2.69%-2.20%
Ghana Oil Company Limited1.72-3.18%-11.63%
CAL Bank Limited0.65-14.75%-20.00%

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