Market Report. December (Full Year)

Transcription

1 Market Report December - (Full Year)

2 GSE STOCK INDICES/CAPITALIZATION DEC YTD CHANGE DEC YTD CHANGE GSE COMPOSITE INDEX (GSE-CI) 1, % 2, % GSE FINANCIAL STOCK INDEX (GSE-FSI) 1, % 2, % MARKET CAPITALIZATION (GH M) 57, % 64, % DOMESTIC CAPITALIZATION (GH M) 11, % 13, % MARKET TURNOVER - EQUITIES DEC DEC VOLUME TRADED 56,033,636 10,110,518 VALUE TRADED (GH ) 37,849, ,274, NUMBER OF TRANSACTIONS 2,050 2,413 TRADING DAYS NUMBER OF TRADED SYMBOLS MARKET DAILY AVERAGES - EQUITIES DEC DEC AVERAGE VOLUME TRADED 2,801, ,526 AVERAGE VALUE TRADED (GH ) 1,892, ,163, AVERAGE NUMBER OF TRANSACTIONS MARKET TURNOVER - EQUITIES JAN TO DEC JAN TO DEC VOLUME TRADED 246,428, ,496,133 VALUE TRADED (GH ) 247,636, ,965, NUMBER OF TRANSACTIONS 26,937 33,324 TRADING DAYS NUMBER OF TRADED SYMBOLS LISTINGS DEC DEC LISTED COMPANIES LISTED EQUITIES ORDINARY SHARES DEPOSITORY SHARES 1 1 PREFERENCE SHARES 1 1 EXCHANGE TRADED FUNDS 1 1 GHANA ALTERNATE MARKET (GAX) 4 0 NUMBER OF LISTED BONDS CORPORATE YEAR GOG YEAR GOG YEAR GOG YEAR GOG 2 2 EURO BOND (US$) 2 2 DELISTINGS-EQUITIES DEC, DEC ) 0 0 BONDS DEC DEC VALUE OF LISTED BONDS CORPORATE (GH M) GOG BONDS (GH M) 9, , EURO BOND (US$ B) VALUE OF LISTED BONDS TRADED (GH M) N/A VALUE OF LISTED BONDS TRADED (GH M) - DEC - DEC 1, SELECTED ECONOMIC INDICATORS DEC DEC INFLATION RATE YEAR-ON-YEAR (%) *** INTEREST RATE (%) 91-DAY T-BILL YEAR NOTE YEAR NOTE YEAR NOTE YEAR NOTE YEAR NOTE EXCHANGE RATE US$ 1 to 1 GHANA CEDIS UK 1 to 1 GHANA CEDIS Euro to 1 GHANA CEDIS *** Inflation figure is, as at November MARKET HIGHLIGHTS GSE Market Report - December 1

3 GSE COMPOSITE INDEX SUMMARY NOV-DEC DEC Period High Date Low Date End of Period Index % Change Nov - Dec Nov Dec Jan May Oct Jun Dec Jan May Jan Oct Mar Sep Jan Dec Jan , May Jan Feb Dec Sep Jan , Aug Feb , Dec Jan-02 1, , Dec 1, Jan-02 3, , Aug 3, Jan-02 6, , Jan 4, Dec-22 4, , Dec 4, Jan-31 5, , Dec 5, Jan-11 6, , Oct 6, Jan-02 10, , Jan 5, Aug-17 5, , Jun 5, Jan-14 6, , May Dec , Dec Jan-05 1, , Dec 1, Jan-03 2, , Feb 2, Jan-02 2, , Jun 1, Dec-11 1, MARKET ACTIVITIES - NOV - DEC DEC Period Volume Traded Value Traded Market Cap. - Government Corporate Bonds (000) (GH m) Equities (GH m.) Bonds (GH m.) (m.) Nov - Dec US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , US$ , , US$ , , US$ , , US$ , , US$ , , , US$ , , , US$ , , , US$ , , , US$ , , , US$ , , , N/A , , , N/A 207, , , GH Dec 246, , , GH Total: Dec to Dec 3,654,950 2, GSE Market Report - December 2

4 MARKET ACTIVITIES - DEC Top 10 Volume Leaders Top 10 Value Leaders Symbol Traded Volume % of Total Volume Symbol Traded Value (GH ) % of Total Value IIL 40,691, FML 13,192, EGL 2,383, GCB 6,572, CAL 2,371, EGL 5,731, CPC 2,277, IIL 3,256, FML 1,794, SCB 2,207, ETI 1,781, CAL 1,995, GCB 1,741, EBG 1,776, MLC 559, UNIL 816, GGBL 394, GGBL 787, SOGEGH 391, ETI 481, MARKET ACTIVITIES - JANUARY TO DECEMBER Top 10 Volume Leaders Top 10 Value Leaders Symbol Traded Volume % of Total Volume Symbol Traded Value (GH ) % of Total Value CAL 51,726, TBL 35,151, IIL 40,691, EBG 34,006, GGBL 25,184, GGBL 31,005, SIC 20,780, FML 28,151, EBG 18,898, CMLT 21,803, AADS 16,916, SIC 19,265, CLYD 14,572, ACI 18,883, SPL 11,846, GWEB 8,691, GWEB 9,927, GCB 6,593, TBL 7,893, PKL 6,166, Market Capitalization - End of Months for and (GH M) GSE Composite Index - End of Months for and Month Month January 63, , January 2, , February 63, , February 2, , March 63, , March 2, , April 63, , April 2, , May 64, , May 2, , June 64, , June 2, , July 64, , July 2, , August 63, , August 2, , September 62, , September 2, , October 62, , October 2, , November 57, , November 1, , December 57, , December 1, , Volume Traded - End of Months for and Value Traded - End of Months for and (GH ) Month Month January 10,255,338 18,552,660 January 15,232, ,686, February 21,289,042 12,521,834 February 30,192, ,671, March 57,131,804 9,965,874 March 22,387, ,389, April 11,739,939 21,799,119 April 21,674, ,837, May 15,614,883 16,619,869 May 20,200, ,358, June 8,307,895 19,970,197 June 13,068, ,825, July 10,682,978 13,548,995 July 11,233, ,522, August 5,465,103 11,074,035 August 5,367, ,949, September 20,510,193 13,118,593 September 30,416, ,564, October 10,276,377 9,998,464 October 15,852, ,188, November 19,121,174 50,215,975 November 24,162, ,693, December 56,033,636 10,110,518 December 37,849, ,274, Total 246,428, ,496,133 Total 247,636, ,965, GSE Market Report - December 3

5 SECTORIAL DISTRIBUTION OF TRADES - DEC Sector Volume Traded Value Traded (GH ) No. of Trades FINANCE 7,072,586 13,479, ,379 DISTRIBUTION 858, , FOOD AND BEVERAGE 4,503,258 14,028, ICT 4, INSURANCE 2,405,784 5,734, MANUFACTURING 41,181,304 4,079, MINING AGRICULTURE 7,039 17, EXCHANGE TRADED FUNDS(EFT) 40 1,560 1 EDUCATION TOTALS 56,033,636 37,849, ,050 BREAKDOWN OF SECTORIAL DISTRIBUTION OF TRADES - DEC FINANCE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS CAL 2,371,487 1,995, EBG 253,696 1,776, ETI 1,781, , GCB HFC 1,741,105 53,011 6,572, , MAC 8,600 48, SCB 135,439 2,207, SCBPREF 6,970 4, SOGEGH 391, , TBL UTB 328,885 32, TOTALS 7,072,586 13,479, ,379 DISTRIBUTION TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS GOIL 285, , MLC 559,507 85, PBC 9, TOTAL 4,514 23, TOTALS 858, , FOOD AND BEVERAGE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS CPC 2,277,900 45, FML 1,794,979 13,192, GGBL 394, , HORDS 35,700 2, SAMBA TOTALS 4,503,258 14,028, ICT TOTAL VOLUME TOTAL VALUE TRANSACTIONS CLYD TRANSOL 4, TOTALS 4, INSURANCE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS EGL 2,383,656 5,731, SIC 22,128 3, TOTALS 2,405,784 5,734, MANUFACTURING TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS ACI ALW 23,376 2, AYRTN CMLT GWEB 364,000 3, IIL 40,691,400 3,256, PKL PZC SPL 5, UNIL 96, , SWL TOTALS 41,181,304 4,079, MINING TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS GSR TLW AGA AADS TOTALS AGRICULTURE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS BOPP 7,039 17, Exchange Traded Funds(ETF) TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS GLD 40 1, EDUCATION TOTAL VOLUME TOTALVALUE TRANSACTIONS MMH GSE Market Report - December 4

6 SECTORIAL DISTRIBUTION OF TRADES JAN - DEC Sector Volume Traded Value Traded (GH ) No. of Trades FINANCE 78,948, ,150,694 17,318 DISTRIBUTION 27,392,271 36,994,480 3,089 FOOD AND BEVERAGE 9,923,471 35,843,310 1,540 ICT 59,236 1, INSURANCE 35,622,899 41,072,893 2,116 MANUFACTURING 93,669,920 8,694,796 2,339 MINING 9,500 28, AGRICULTURE 760,882 3,700, EXCHANGE TRADED FUNDS(EFT) 3, , EDUCATION 39,042 4, TOTALS 246,428, ,636, ,937 BREAKDOWN OF SECTORIAL DISTRIBUTION OF TRADES JAN - DEC FINANCE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS CAL 23,129,454 21,257, ,585 EBG 2,186,876 16,734, ,671 ETI 13,623,044 4,123, ,549 GCB 9,634,831 41,723, ,395 HFC 414, , MAC , SCB 1,283,802 24,011, ,576 SCBPREF 25,978 17, SOGEGH 9,955,038 9,000, ,533 TBL 1,280, , UTB 17,245,602 2,583, ,620 TOTALS 78,948, ,150, ,318 DISTRIBUTION TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS GOIL 25,076,190 30,616, ,483 MLC 943, , PBC 334,674 39, TOTAL 1,037,626 6,189, ,252 TOTALS 27,392,271 36,994, ,089 FOOD AND BEVERAGE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS CPC 3,522,874 67, FML 4,645,450 32,075, GGBL 1,502,780 3,678, HORDS 247,300 18, SAMBA 5,067 3, TOTALS 9,923,471 35,843, ,540 ICT TOTAL VOLUME TOTAL VALUE TRANSACTIONS CLYD 15, TRANSOL 44, TOTALS 59,236 1, INSURANCE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS EGL 21,028,220 37,961, ,015 SIC 14,594,679 3,111, ,101 TOTALS 35,622,899 41,072, ,116 MANUFACTURING TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS ACI 1,325,961 16, ALW 49,378,648 3,025, AYRTN 7,374 1, CMLT 31,820 3, GWEB 374,900 3, IIL 40,691,400 3,256, PKL 2, PZC 211,763 61, SPL 1,362,900 41, SWL 173,552 1,404, UNIL 109, , TOTALS 93,669,920 8,694, ,339 MINING TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS AADS GSR 9, , TLW 270 8, AGA TOTALS 9,500 28, AGRICULTURE TOTAL VOLUME TOTAL VALUE (GH ) TRANSACTIONS BOPP 760,882 3,700, EXCHANGE TRADED FUNDS (ETF) TOTAL VOLUME TOTAL VALUE TRANSACTIONS GLD 3, , EDUCATION TOTAL VOLUME TOTALVALUE TRANSACTIONS MMH 39,042 4, GSE Market Report - December 5

7 68.00 Market Capitalization - End of Month(s) for and Market Capitalization (GH Billion) January February March April May June July August September October November December Months 3, GSE Composite Index - and 2, Index Values 2, , , January February March April May June July August September October November December Months GSE Market Report - December 6

8 60 Volume Traded - End of Month(s) - and 50 Volume Traded (Million) January February March April May June July August September October November December Months Value Traded - End of Month(s) - and Value Traded (GH Million) January February March April May June Months July August September October November December GSE Market Report - December 7

9 MARKET CAPITALIZATION PER SECTOR - DEC Sector Issued Shares (mil.) Market Capt. GH million FINANCE 26, , DISTRIBUTION FOOD AND BEVERAGE 2, , ICT INSURANCE MANUFACTURING 1, MINING 1, , AGRICULTURE Exchange Traded Funds(ETF) EDUCATION TOTALS 33, , BREAKDOWN OF MARKET CAPITALIZATION PER SECTOR - DEC FINANCE Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million SCB PREF GCB SOGEGH CAL HFC TBL EBG MAC UTB ETI SCB TOTALS 26, , DISTRIBUTION Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million GOIL MLC PBC TOTAL TOTALS FOOD AND BEVERAGE Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million SAMBA CPC HORDS FML GGBL TOTALS 2, , ICT Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million CLYD TRANSOL TOTALS INSURANCE Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million EGL SIC TOTALS MANUFACTURING Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million SPL ACI GWEB SWL ALW PKL UNIL AYRTN PZC IIL CMLT TOTALS 1, MINING Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million AADS AGA , GSR TLW TOTALS 1, , AGRICULTURE Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million BOPP EXCHANGE TRADED FUNDS (ETF) Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million GLD EDUCATION Closing Price - VWAP (GH ) Issued Shares (mil.) Market Capt. GH million MMH GSE Market Report - December 8

10 Company MARKET STATUS - CAPITALISATION, PRICE CHANGES, P/E RATIOS Issued Shares (mil.) Market Capt. GH million as at Dec Shares Prices GH ; End Dec Shares Prices GH ; End Dec % Change in Share Price Div. Yield % EPS GH P/E Ratio Equities AADS ACI n.m. AGA , n.m. ALW n.m. AYRTN n.m. BOPP CAL CLYD CMLT n.m. CPC 2, n.m. EBG , EGL ETI 24, , FML GCB , GGBL n.m. GOIL GSR n.m. GWEB n.m. HFC MAC MLC PBC n.m. PKL n.m. PZC n.m. SCB , SIC SOGEGH SPL SWL TBL TLW , n.m. TOTAL TRANSOL n.m. UNIL UTB n.m. Subtotal 57, Preference Shares SCB PREF Exchange Traded Funds(ETF) GLD Ghana Alternative Market (GAX) HORDS IIL MMH SAMBA Total 57, *Change in Price Computed Using Listed Price and Current Price GSE Market Report - December 9

11 A. Equities Company Description Offer period PRIMARY ISSUES AND CORPORATE ACTIONS Issue Price GH No. of Shares Offered (million) No. of Shares Sold (millions) Amount Raised (GH million) Super Paper Products Co. Ltd. IPO Dec Feb Mechanical Llyod Co. Ltd. IPO Dec Feb Ashanti Goldfields Co. Ltd. IPO March - April, Ashanti Goldfields Co. Ltd. IPO May-June, HFC Bank Ltd. Placement January Pioneer Aluminium Factory Ltd. IPO May - July SSB Bank Limited IPO Sept. - Oct., Accra Brewery Ltd. Rights Issue June - August, Aluworks Ltd. Placement Sept. - Nov., UTC Estates Ghana Ltd. OFS Oct March PZ Cussons Ghana Ltd. Rights Issue Sept. - Oct GCB Bank Ltd. IPO Feb. - March, Guinness Ghana Ltd Rights Issue May - June, Mechanical Lloyd Co. Ltd. Rights Issue Oct. - Nov., HFC Bank Ltd. Rights Issue Oct. - Nov., Accra Brewery Ltd. Rights Issue November, Metalloplastica Ghana Ltd. Rights Issue Jan.18 - Feb 19, Camelot Ghana Ltd. IPO August 9-20, Produce Buying Company Ltd. IPO Dec March Accra Brewery Ltd. Rights Issue Sam Woode Limited IPO March 1 - April 5, Trust Bank Ltd. (The Gambia) Introduction Cocoa Processing Co. Ltd. IPO Sept - Nov CFAO Ghana Ltd. Rights Issue Jan. - Feb Ghana Breweries Ltd. Rights Issue 4-27 June Accra Brewery Ltd. Rights Issue Jan 26 - Feb 16, Clydestone Ghana Ltd. IPO March 19 - April 16, Benso Oil Palm Plantation Ltd. IPO June 16 - July 23, Mechanical Lloyd Co. Ltd. Rights Issue June 17 - July 16, CAL Bank Ltd IPO Sept 2 - Oct 1, Starwin Products Ltd. (SPL) IPO Oct 29 - Nov 26, Golden Web Limited (GWEB) IPO June 7 - Aug 8, EcoBank Ghana Ltd (EBG) IPO May 15-June 2, EcoBank Transnational Inc. (ETI) Introduction , Ayrtn Drug Manufacturing Ltd IPO June 7 -July 7, Transaction Solutions Ltd IPO Oct 31 - Nov 30, GCB Bank Ltd. Rights Issue May 15 - June 15, Ghana Oil company Ltd IPO Sept 4 - Oct 5, SIC Insurance Company Ltd IPO Dec 3 - Dec 21, Golden Star Resources Ltd IPO Dec 5, Jan 18, UT Bank Ltd IPO Sept Oct. 17, CAL Bank Ltd Rights Issue Sept 28 - Oct 23, Ecobank Ghana Ltd. Rights Issue Oct 2 - Oct SSB Bank Limited Rights Issue Oct 19 - Nov 06, Standard Chartered Bank Gh. Ltd. Rights Issue Nov 10 - Dec Aluworks Limited Rights Issue Mar 15 - Apr Tullow Oil Plc IPO Jun 13 - Jul 4, Guinness Ghana Breweries Ltd. Rights Issue Oct 17 to Nov 14th CAL Bank Ltd Placement April, UT Bank Ltd Placement October 1, Standard Chartered Bank Gh. Ltd. Bonus Shares November 1, 2012 N/A N/A N/A HFC Bank Ltd. Placement November 1, *** NewGold ETF Secondary Listing August Aluworks Ltd. Rights Issue Feb 25 to Mar 22, Total Petroleum Ghana Ltd. Bonus Shares August 1, 2013 N/A 97.89** N/A N/A Ghana Oil company Ltd Bonus Shares December 9, 2013 N/A 42.04** N/A N/A Mega African Capital Ltd Offer for Subscription Mar 10 - Mar 28, Starwin Products Ltd. (SPL) Rights Issue Oct 20th to Nov 17th N/A 5.57 Societe Generale Ghana Ltd. Bonus Shares May 8, N/A N/A N/A SAMBA Foods Limited IPO Feb 23 - Mar Meridian Marshalls Holding Co. IPO April 27 - June 12, EcoBank Transnational Inc. (ETI) Bonus Shares July 21, N/A 1, N/A N/A HORDS Limited IPO June 25 - July 17, Mega African Capital Ltd Rights Issue October 29, , *** The Issue Price is an Average Price ** Additional Bonus Shares Issued GSE Market Report - December 10

12 B. Bonds PRIMARY ISSUES Title of Bond Issuer Offer Period Securities Offered Denomination Maturity Amount raised Government of 5yrs matured on Oct. - Nov., 1990 GH 0.5 million GH GH 0.5 million Ghana November 11, 1995 GSE Commemorative Registered Stock, 1995 HFC Series A 7% Coupon Bond due in 2001 (HFC-A 7s01) HFC Series B 7% Coupon Bond due in 2002 (HFC-B7s02) HFC Series C 8.25% Coupon Bond due in 2003 (HFC- C8.25s03) HFC Series D 8.25% Coupon Bond due in 2004 (HFC- D8.25s04) HFC Series E 8% Coupon Bond due in 2005 (HFC-E8s05) HFC Series F 6% Coupon Bond due in 2006 (HFC-F6s06) HFC Series G 8% Coupon Bond due in 2006 (HFC-G6s06) HFC Series H 5% Coupon Bond due in 2009 (HFC-G6s09) HFC Series J 5% Coupon Bond due in 2012 (HFC-G6s12) HFC Bank Ltd. Sept. - Oct., 1996 HFC Bank Ltd. Sept. - Oct., 1997 HFC Bank Ltd. November, 1998 HFC Bank Ltd. HFC Bank Ltd. HFC Bank Ltd. HFC Bank Ltd. July 29 - Aug. 19, 1999 October 23-30, 2000 July 16 - August 13, 2001 Dec 15, Jan. 1, 2002 HFC Bank Ltd. Oct 27- Dec 2, 2004 HFC Bank Ltd. Feb 5- Feb 28, 2007 US$2m as Series A of a US$2m as Series B of a US$2m as Series C of a US$2m as Series D of a US$1.5m as Series E of a 1.2m as Series F of a US$3m as Series G of a US$3m as Series H of a US$5m as Series J of a 100 1st November st November st November st September st November th August 2006 November, 2006 December 2009 March 7, 2012 US $2.55m US $2.25m US $2.00m US $2.70m US $1.51m 1.20m US $3.03m US $2.5m US $3.9m SCB Medium Term Note 01 Standard Chartered GH 35 million Medium 3yrs, to mature Dec Bank Ltd Term Notes December 2008 GH 35 million Euro Bond Government of Ghana US$ August 7, 2023 US $ 1b Euro Bond Government of Ghana US$ 1,000,000,000 US$ Jan 18, 2026 US $ 1b 1-Year Fixed Rate Senior One Year Matured on Izwe Loans Limited GH GH 5 million Secured Note (ILLA3-1Y14) '28/11/ 1-Year Fixed Rate Senior One Year Mature on Izwe Loans Limited GH Secured Note (ILLA4-1Y14) 20/12/ GH 4.6 million 1-Year Floating Rate Senior Oct 14 - Oct 24. One Year Mature on Izwe Loans Limited GH 15 million GH Secured Note (ILLA5-1Y15) 29/10/ GH 14.4 million 3-Year Floating Rate Senior Oct 14 - Oct Year Mature on Izwe Loans Limited GH 15 million GH Secured Note (ILLA6-3Y17) 29/10/2017 GH 14.6 million 2-Year Floating Rate Senior Two Year Mature on Izwe Loans Limited Mar GH 5 million GH Secured Notes (ILLA7-2Y17) 31/03/2017 GH 10 million 3-Year Floating Rate Senior Three Year Mature on Izwe Loans Limited Mar GH 5 million GH GH 10 million Secured Note (ILLA8-3Y18) 31/03/ Year Note (AFB100) AFB (GHANA) PLC June 25 - July 10 GH 3.3 million GH 16/07/2018 GH 3.3 million 3-Year Note (AFB200) AFB (GHANA) PLC June 25 - July 10 GH 13.8 million GH 16/07/2018 GH 13.8 million 2-Year Note (AFB300) AFB (GHANA) PLC June 25 - July 10 GH 9.5 million GH 17/07/2017 GH 9.46 million ILLA9 Izwe Loans Limited GH 27/08/2020 GH 7 million 3-Year Senior Secured Floating Rate Note (ILLA10) Izwe Loans Limited GH 29/10/2018 GH 8.31 million GSE Market Report - December 11

13 PRIMARY ISSUES (Continuation) B. Bonds Title of Bond Issuer Offer Period Securities Offered Denomination Maturity Amount raised S7 AFB (GHANA) PLC GH 30/09/ GH 5 million S14 AFB (GHANA) PLC GH 02/07/2017 GH 2.11 million S15 AFB (GHANA) PLC GH 29/08/ GH 1.70 million S16 AFB (GHANA) PLC GH 01/09/ GH 2.30 million S17 AFB (GHANA) PLC GH 29/09/2017 GH 1.48 million S18 AFB (GHANA) PLC GH 08/12/ GH 1 million S19 AFB (GHANA) PLC GH 03/03/2016 GH 4.5 million S20 AFB (GHANA) PLC GH 20/03/2017 GH 4.25 million S21 AFB (GHANA) PLC GH 08/04/2016 GH 1 million S22 AFB (GHANA) PLC GH 20/04/2016 GH 3.38 million 3-Year Floating Rate Senior Unsecured Note 3-Year Fixed Rate Senior Unsecured Note 3-Year Floating Rate Senior Unsecured Note 3-Year Secured Floating Rate Note 3-Year Secured Fixed Rate Note AFB (GHANA) PLC GH 01/09/2018 GH 2.3 million AFB (GHANA) PLC GH 28/09/2018 GH 3.0 million AFB (GHANA) PLC GH 30/09/2018 GH 5.00 million EDENDALE PROPERTIES PLC EDENDALE PROPERTIES PLC GH 20/11/2018 GH 9.17 million GH 07/12/2018 GH 7.60 million SUMMARY OF GOVERNMENT BOND TRADES Description Value of Listed Government Bonds Traded GH million Dec Two (2) Year 1.17 Three (3) Year Five (5) Year Seven (7) Year - Total GSE FINANCIAL STOCK INDEX SUMMARY TO DEC Year/Period Index Value % Change December GSE Market Report - December 12