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GCS-Stock Index Repackaged

 

Collins Appiah

Collins Appiah

The Research Department of Gold Coast Securities has announced the simultaneous re-launch of the GCS-Stock Index and the Daily Stock watch.

The move is to aid both staff and investors to monitor daily activities on the Ghana Stock Exchange (GSE).

The new GCS-Stock Index has been kitted with sectoral indices, which measure the performance of the various companies on the GSE.

According to the Department, the GCS-Stock Index will provide incentive to help guide fund managers to restructure their portfolios.

The Stock watch is a daily report of activities on the Accra Bourse that reports highlights such as key market indicators including volume and value traded, market capitalization of the GCS-Stock index in U.S dollars and Cedis for foreign and local clients.

 Others include price changes, level of the GCS-Stock Index and the Year-to-date change of the Index.

It would also give a summary of how the various industries on the stock market are performing. The new GCS-Stock Index is a capitalization-weighted index that functions like the GSE All-share index.

The level of the index is determined by the price of listed equities and the issued shares of the listed companies. In effect, a change in the price of a share will result in a change in the level of the index.

It has nine sub indices, which measure the performance of the different companies on the Ghana Stock market.

The Finance Index measures the performance of all the finance stocks listed on the GSE including CAL, Ecobank, Standard Chartered Bank, UT Financial Services and SG-SSB.   

A change in any of the financial equities results in a change in the level of the finance index.

The Mining Index measures the performance of all the mining stocks listed on the GSE; with the Pharmaceutical Index measuring the performance of all the pharmaceutical stocks that are listed on the GSE, including Starwin Products and Ayrton Products Ghana Limited.

The Distribution and Trading Index measures the performance of the stocks of companies responsible for distribution, while the Manufacturing Index measures the performance of the stocks of all manufacturing companies listed on the GSE.  

The Food and Beverage Index measures the performance of stocks of all food and beverage companies listed on the GSE, while the Petroleum Index measures the performance of all the petroleum stocks listed on the GSE.

The Printing and Publishing Index also measures the performance of the stocks of all printing and publishing companies listed on the GSE; with the Agro-processing Index measuring the performance of all agro-processing stocks on the GSE.

The sum of these Indices gives the overall level of the Index.

Credit:dailyguideghana.com

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