Category: Tullow oil

Tullow Oil (TLW) announces an award of shares to Executive Directors

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Tues. 15.05.12: Ghana Stock Exchange (GSE) Market Update.

Tuesday GSE Market Update:


The second day of trading on the Ghana Stock Exchange this week has ended with some equities trading shares.
A 3.26% price gain in Tullow Oil (TLW) pushed the GSE-Composite index up, despite losses in two equities, to close the day at 1,048.50 points from 1,048.38 points. The change brings the year-to-date return to 8.20% as reported by CAL Brokers.
Courtesy: CAL Broker Ltd. (15.05.2012)


The Financial Stock Index however, declined by 0.69 points to close at 908.83 points.

A total of 0.99 million shares valued at GHS 0.50 million were traded. The trade volume and value, compared to the previous session, increased by more than five and six times respectively.

CAL Bank (CAL) dominated trading in terms of volume, accounting for 78.57% of the total trade volume while Unilever Ghana (UNIL) led in terms of value with 47.39%.

TLW was the only gainer.  Benso Oil Palm Plantation (BOPP) and Enterprise Group ltd (EGL) recorded losses.


Courtesy: Ghana Stock Exchange & CAL Brokers

Ghana Stock Exchange (GSE): Market update for Friday, 11.05.12

Friday GSE Market Update:


Let’s look at what happened in the market today. The market closed on a bad note recording losses in four equities. The GSE-Composite Index closed the week at 1,050.34 points from 1,053.65 points. 

GOIL dominated trading for the third time in five successive sessions, the sixth in ten sessions, with 67.79% of the 0.4million shares traded and 58.86% of the GHS0.20million realized.
The corresponding year-to-date change for the exchange is 8.39%. The GSE financial stock benchmark fell 0.99 points to close trading for the week at 908.34 points.
Trade volume and value increased by 51.75% and 93.65% respectively, when compared with the previous session as reported by CAL Brokers.

Aluworks Ltd (ALW), Guinness Ghana Brewery Ltd (GGBL) and Ghana Oil Company Ltd (GOIL) gained a pesewa each to close at GHS0.07, GHS1.76 and GHS0.41 respectively. 
Meanwhile losses were recorded in four equities, PZ Cussons Ghana Ltd (PZC), Tullow Oil (TLW), Total Petroleum (TOTAL) and HFC Bank (HFC).

Analysts predict similar trend in stock prices for next week.
CAL Brokers still recommends Benso Oil Palm Plantation (BOPP) and Enterprise Group Ltd (EGL) for the fourth successive week.

11/11/11 on the Ghana Stock Exchange.

The number 11 is perceived by many people as ‘A LUCKY NUMBER’. In Astronomy, Apollo 11 was the first manned spacecraft to land on the Moon and  in religion, the Eleven apostles of Jesus (i. e. Judas excluded) were perceived to be the blessed and righteous ones. On this special day, 11th Nov., 2011, let us take a look at what happened on the Ghana Stock Exchange to see whether the fortune of the day had an effect on trading.
A volume of 130,810 shares were traded today, which was barely half of what was traded yesterday and the GSE Composite Index (CI) dropped by -0.86 points to close at 997.42. 
Meanwhile, the GSE Financial Stock Index gained 2.72 points to close at 900.31. 
GSE-CI is lower than the base index of 1000 that was valued on December 31, 2010.
Six (6) stocks recorded changes in price today. 
TOTAL traded 180 shares and lost 0.01p to close at GHC 21.00.
Tullow Oil (TLW) also traded 161 shares and lost 0.08p to close at GHC 31.00.  
Two banking stocks, Standard Chartered Bank (SCB) and Ecobank Ghana (EBG)
closed at GHC 45.50 and GHC 3.45  by losing 0.02p and 0.05p after trading 100 and
14515 shares respectively. SIC Insurance and Benso Oil Palm Plantation (BOPP)
also gained 0.01p each to close at 0.41p and 0.86p respectively.
Today’s trading only favoured some financial stocks but not the Composite index.