Group Research
Databank MARKET SNAPSHOT
Leadership DAILY REPORT ON THE GHANAIAN STOCK MARKET
DATE: MAY 14, 2007
Market Data Six Equities Re-rate DSI Upward
The Databank Stock Index [DSI] inched up by 0.55 points to 6,532.04 points,
EQUITY MARKET reflecting a year-to-date return of 4.40 per cent. Six equities spurred on the
Indicator Level Change YTD CHG. Index today, helping to maintain the trend northward advance of the market
DSI (¢) 6,532.04 0.01% 4.40%
barometer. A total volume of 46,099 shares valued at ¢164 million exchanged
hands on the floor of the Ghana Stock Exchange (GSE) today. CAL was the
DSI ($) 0.71 0.01% 3.87%
most traded equity by both volume and value as it accounted for 69 per cent of
GSE (¢) 5,152.91 0.01% 2.93% total market volume and 51 per cent of total market value.
P/E (x) 13.72 -0.01 −
Dividend Yield (%) 3.22 0.07 −
Earnings Yield (%) 7.29 0.01 − SHARE PRICE CHANGES
Equity Ticker Price Change (%) Price ¢
BOND MARK ALW ▲0.09 7,470
Indicator Level Change YTD CHG.
SG-SSB ▲ 0.05 6,654
DBI (¢) 104.44 0.11% 2.25%
GGBL ▲0.04 9,406
DBI ($) 0.01 0.10% 1.73%
W. Coupon Yield (%) 14.39 0.00 −
FML ▲ 0.01 19,261
W. Current Yield (%) 14.34 0.00 − EIC ▲ 0.01 9,421
W. Yield-to-Maturity (%) 14.21 0.00 − GCB ▲ 0.01 6,798
W= Weighted
FIXED INCOME MARKET Currency Market Update
Security Year-Open 7-May-07 14-May-07
91-Day Bill (%) 9.64 9.64 9.60
The cedi remained stable at ¢9,258 against the greenback but lost ground
182-Day Bill (%) 10.53 10.20 10.24 against the pound and the euro on the interbank market today. The local
1-Year Note (%) 13.00 12.30 12.30 currency lost ¢56 and ¢54 against the pound and the euro to close at ¢18,362
2-Year Note (%) 13.50 13.25 13.25 and ¢12,534 respectively.
3-Year Bond (%) 14.00 - 12.39
Activity on the forex market saw the cedi depreciate against the dollar but
remain fixed at its previous levels against the pound and the euro. The cedi
GLOBAL COMMODITY/METAL MARKET
closed at ¢9,500 against the dollar following a loss of ¢150 but remained
Commodity/Metal Year-Open 11-May-07 14-May-07 pegged at ¢18,700 and ¢12,500 against the pound and the euro respectively.
Gold ($/oz.) 642.50 669.8 675
Cocoa ($/tonne) 1,684.00 1,915.00 1,925.00
Coffee (Cents/lbs) 123.60 106.6 106.35 Company News
Crude Oil ($/barrel) 60.50 66.07 67.4
DIVIDEND ANNOUNCEMENTS*
DATABANK MANAGED FUNDS [AS AT 11/05/2007] Equity Ticker DPS (¢) Ex-Div Payment Date
Fund Name Price ¢ Change ¢ YTD CHG.
TBL 341.85 May-14-2007 Jun-22-2007
Epa¢k Investment Fund 6,562.29 3.98 14.37%
SWL 35 Jun-19-2007 Sep-28-2007
Epa¢k Investment Fund (R) 0.6562 0.0004 14.37%
CMLT 40 Jun-4-2007 July-20-2007
Money Market Fund (Bid) 1,526.71 0.51
* With Respect to their Full Year Ended Dec. 31 2006
Money Market Fund (Bid, R) 0.1527 0.0001
Money Market Fund (Offer) 1,541.98 0.51 Stocks to Watch: EBG, SG-SSB, GCB, GGBL and FML
Money Market Fund (Offer, R) 0.1542 0.0001 12.02%
(R) – Redenominated Data (Original Price Divided by 10,000) *annualised yield
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affiliates and their officers and employees may or may not have a position in or with respect to the securities mentioned herein. This firm and its affiliates may from time-to-time have a consulting relationship with a company being
reported upon. This may involve the firm or the affiliates providing significant corporate finance services and acting as the company's official or sponsoring broker. All opinions and estimates included in this report constitute our judgment
as of that date and are subject to change without notice. Available only to persons having professional experience in matters relating to investment.