Test Drive 2q:2014 | Page 17

SSolomon Samba Dr. Sam Mensah Chairman, Sierra Leone Stock Exchangeo consequimoum as doluptas Oscar OnyemaA Chairman, Ghana Stock Exchange Chief Executive, Nigeria Stock Exchange REGIONAL EQUITY MARKETS T rading on the Sierra Leone Stock Exchange during the 2nd quarter was limited due to market liquidity issues and the number of listings. Currently, only one listed stock is being traded on the market. The exchange is index weighted by market capitalization. There are only two market participants in relation to stock trading. It is a relatively new exchange, however during the course of the year and as participants become aware of the benefits, my guess is we will witness an influx of firms using the exchange to raise capital or participate in introduction offerings. On 9th June 2014, the Sierra Leone Stock Exchange All Share Index decreased from its previous level of 692713 to 490344. Heritage Global Markets Team Geopolitics and economics. Sierra Leone Stock Exchange SLSE INDEX he Investor commends the exchange for its efforts in keeping an orderly market, albeit trading is limited. The stock traded on The SLSE is Rokel Commercial Bank. We are guessing the exchange will become more vibrant as Central Banking policies change to reflect long-term demands for capital. T Ghana Stock Exchange GSE ALL SHARE INDEX T he GSE Composite Index (GSE-CI) recorded a year to date gain of 78.81% ending the year with 2,145.20 points while the GSE Financial Stock Index (GSE-FSI) also recorded a return of 71.81% ending the year at 1,784.05 points.The return on the index for the year 2013 makes it one of the best performing in Africa Nigeria Stock Exchange BVRMCOMP. NSE INDEX he NSE declined by 0.93% towards the tail end of the second quarter. This is due to investors profit taking. The markets , buoyant as ever touched the N21 billion mark as deals were actively traded increasing trading volumes up to 26,820. The Market was dominated by the financial services sector, with banks leading the rally. BVRM COMPOSITE T Togo, Guinea,Niger & Mali T he BRVM closed its trading session