MTN topped all stocks on the Ghana Stock Exchange in July 2024 with a return of 29.3%. The shares of the telecommunications giant are up 67.1% this year with the stock trading at GH¢2.34 per share as at July 31. Other gainers in the month include Total Petroleum (up 27.5%), Atlantic Lithium (up 25%), and Republic Bank (up 8.3%).
On the other hand, Enterprise Group led the laggards with a decline of 35.1% in July. The stock is down 35.1% for the year and is trading at GH¢1.55 per share as at July 31. Other stocks that saw decline include Fan Milk (-4.9%) and CAL Bank (-2.9%).
Overall the GSE is up 43.56% with financial stocks up 10.53%. See how all stocks performed below.
| Equity | Share Price (GH¢) | July Returns | Year-to-Date Returns |
| MTN Ghana Ltd | 2.34 | 29.3% | 67.1% |
| Total Petroleum Ghana Ltd | 12.33 | 27.5% | 37.0% |
| Atlantic Lithium Ltd | 6 | 25.0% | 36.4% |
| Republic Bank | 0.52 | 8.3% | 8.3% |
| NewGold Issuer Limited | 362.5 | 5.0% | 65.9% |
| Benso Oil Palm Plantation Ltd | 23 | 3.6% | 4.5% |
| GCB Bank Limited | 5.6 | 1.8% | 64.7% |
| Standard Chartered Bank Ghana Ltd. | 20.1 | 0.5% | 14.5% |
| AngloGold Ashanti Limited | 0.41 | 0.0% | 0.0% |
| Access Bank Ghana | 4.8 | 0.0% | 41.2% |
| Agricultural Development Bank | 5.06 | 0.0% | 0.0% |
| AngloGold Ashanti Limited | 37 | 0.0% | 0.0% |
| Aluworks LTD | 0.1 | 0.0% | 0.0% |
| Asante Gold Corp | 8.89 | 0.0% | 0.0% |
| CAL Bank Preference Shares | 0.29 | 0.0% | 0.0% |
| Clydestone (Ghana) Limited | 0.03 | 0.0% | 0.0% |
| Camelot Ghana Ltd | 0.11 | 0.0% | 10.0% |
| Cocoa Processing Company | 0.02 | 0.0% | 0.0% |
| DASPHARMA | 0.38 | 0.0% | -5.0% |
| Digicut | 0.09 | 0.0% | 0.0% |
| Ecobank Ghana Ltd | 6.1 | 0.0% | 10.9% |
| Ecobank Transnational Incorporation | 0.15 | 0.0% | 0.0% |
| Guinness Ghana Breweries Ltd. | 4.7 | 0.0% | 38.2% |
| Ghana Oil Company Limited | 1.5 | 0.0% | 0.0% |
| HORDS LTD | 0.1 | 0.0% | 0.0% |
| Intravenous Infusions (IIL) | 0.05 | 0.0% | 0.0% |
| Mega African Capital Limited | 5.38 | 0.0% | 0.0% |
| Meridian-Marshalls Holdings | 0.1 | 0.0% | -9.1% |
| Produce Buying Company Ltd. | 0.02 | 0.0% | 0.0% |
| Samba Foods Ltd | 0.55 | 0.0% | 0.0% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.9 | 0.0% | 0.0% |
| SIC Insurance Company Limited | 0.25 | 0.0% | 4.2% |
| Societe Generale Ghana Limited | 1.55 | 0.0% | -1.3% |
| Trust Bank Limited (THE GAMBIA) | 0.82 | 0.0% | 0.0% |
| Tullow Oil Plc | 11.92 | 0.0% | 0.0% |
| Unilever Ghana Limited | 14.77 | 0.0% | 82.1% |
| CAL Bank Limited | 0.34 | -2.9% | -29.2% |
| Fan Milk Limited | 3.5 | -4.9% | 7.7% |
| Enterprise Group Limited | 1.55 | -35.1% | -35.1% |
Among the performance of all this stocks will you advise anyone to trade on calbank shares and are they dividend paying bank?
Hi Lawrence, kindly e-mail me at jerome@ceditalk.com for personalized information