Investment Advisory |
| The best way to minimize risk is to diversify your investments across various investment products. If equities are your sole investments, it makes sense to diversify between different companies and sectors. In this way, loss made on some investments can be absorbed by gains made in others, keeping the overall return on investments positive. |
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Indices decline |
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| The stock market opened the week on a quiet note with one equity advancing; the search for bargain deals in GCB Bank, Enterprise Group and Aluworks however led to declines in these stocks. The indices were thus weighed down by the decliners. |
Fan Milk Ltd the lone advancer today inched up a pesewa to GH¢5.55. On the other hand, three equities closed lower; GCB Bank which accounted for 53% of volume traded and 89% of turnover respectively, trimmed 4GHp to GH¢5.00, while insurance services provider, Enterprise Group Ltd lost 15GHp to GH¢1.65 from GH¢1.80. Aluworks Ltd also shaved a pesewa to close at 6GHp. In all a total of 97,381 shares valued at GH¢290,202 were exchanged in nineteen equities. On the back of the foregoing, the Composite Index declined by 5.79 points to 2,356.84 representing a year to date return of 4.24%. The Financial Index (FI) also dropped 7.71 points to end the day at 2,408.99. This saw the Financial Index trim its year-to-date return to 7.37%. |
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