Business News of Monday, 4 June 2018Source: ghananewsagency.orgBourse continues on losing spreeLogo of Ghana Stock ExchangeThe mood for most of the sessions throughout the last week of May (28 to 31) remained lukewarm on the Ghana Stock Exchange (GSE), as investors exited overvalued stocks in exchange for long-term quality plays. Nordea Capital Investment Stock Market expert review of the week, obtained by the Ghana News Agency revealed that the selling pressures across multiple sectors. The bank holding company has had its shares undervalued for several months as the market price continues to trade below the intrinsic value. The stock dipped 17.4 per cent on a week-on-week basis to GHC0.19 per share; Enterprise Group Limited continued on its losing spree, falling by 14.3 per cent to GHC3.00 per share. Gainers for the week included PZ Cussons (+4.5 per cent), Benso Oil Palm Plantation (+0.4 per cent) and Unilever (+0.1 per cent).

Source: GhanaWeb June 04, 2018 14:26 UTC