Tuesday 16 April 2013

First quarter of 2013 stock performance on the Ghana Stock Exchange (in perspective).

The stock market has made significant returns in the first quarter with BOPP topping the list of gainers with groundbreaking 134.29% gains, followed by MLC 92.31%, ETI 83.33%,GOIl 61.90%, FML 54.37%, PZC and CALL both making 50%, SCB 36.00% and some other significant gains by other companies like GGBL, TOTAL and UNIL. Meanwhile SIC made a significant loss of -11.76%. Even though BOPP made the highest at the end of the quarter, ETI was the most interesting among them to play with since at a point it made 133.33% gains before declining sharply to 83.33%.

 Recommendations 

1.Long term investors should consider SIC and ETI
2.Short term and low risk takers should consider TOTAL, BOPP, CAL, SCB, UNIL, GGBL, GOIL and FML

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