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Nordea Daily :Multiple block trades send indices higher

Stock Market:

Trading activities improved considerably over the previous session as block trades were recorded by CAL, Ecobank Ghana and Fan Milk; the benchmark GSE-CI thus rose by 0.6% to close at 3,319.3 points.

The advancers were Enterprise Group Ltd (+10.4%), Societe Generale (+4.1%), Ecobank Transnational Inc. (+4%), ACCESS (+0.5%), Ecobank Ghana (+0.4%), Unilever (+0.2%) and Standard Chartered (+0.03%).On the other hand, losses were registered in Starwin Products Ltd (-33.3%), Aluworks (-13.3%),Mechanical Lloyd (-12.5%), HFC (-3%) and TOTAL (-0.4%).

A total of 1,220,184 shares were traded which were valued at GHS 4,674,257.58.

Tullow Ghana Appoints Awotwi as New MD

Tullow has appointed Kweku Awotwi as Managing Director for its Ghana operations effective April 1, 2018. His appointment is coming on the heels of the impending retirement of the current MD Charles Darku. Darku leaves office after March 2018. Awotwi is an experienced international business executive with over 25 years' experience working in the energy sector, electricity, oil and gas, as well as the mining and extractive industries, in both the public and private sectors in Africa and the United States. In addition to his entrepreneurial ventures, Awotwi served at the Volta River Authority as Chief Executive for over four years and at Ashanti Goldfields Company, where he was MD, Strategic Planning and New Business Development.

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