HFC Bank will today engage institutional investors and brokers about its financial and general performance at the Ghana Stock Exchange’s facts behind the figures session.
Though the bank recorded a marginal drop in its profits for 2009, its profit after tax for the first three months of this year went up by 22 percent to GH¢2.15 million Ghana cedis.
Its share price however has not been impressive. It has dropped from an all-year high of around 62 pesewas in November last year to 59 pesewas as at last week.
This could be attributed to the lack of liquidity in the shares because they are held mainly by institutional investors.
The company’s management may therefore want to use Wednesday’s opportunity to throw up some ideas as to how to hype the attractiveness of the stock.
Source: Joy Business/Myjoyonline.com/Ghana
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