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Thinking Outside The box (Overseas Investment Series)
young
#321 Posted : Wednesday, December 15, 2010 9:36:22 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
AT LAST Ghana becomes an oil nation, seeks to avoid 'curse'




Ghana began production on Wednesday from one of the largest recent oil discoveries in West Africa, transforming it into a significant producer, but raising fears over the associated risks.

President John Atta-Mills flew by helicopter to an oil-processing vessel located at the offshore field and symbolically opened a valve signifying the start of production.

Atta-Mills pledged his government will ensure the oil becomes "a blessing and not an oil curse," with output set to result in revenue that has been estimated at as much as one billion dollars per year.

"We will not let you down," he said, promising the oil will be used to catapult Ghana into a "modern 21st-century prosperous industrial nation."

A video of Atta-Mills performing the ceremonial opening was screened to dignitaries gathered at the nearby town of Takoradi, where traditional drumming greeted the start of production.

The occasion was called historic by local officials and the oil field's main operator, the Anglo-Irish firm Tullow.

But while the country, seen as a model of democracy in the region, has been counting its blessings because of the riches the oil will bring, it need only look to nearby Nigeria to understand the potential dangers.

In Nigeria and other countries, major oil production and the money that flows with it have been accompanied by widespread corruption and neglect of other industries.

"I hope we put this resource to good use," Ghana ex-president Jerry Rawlings said. "At the same time, we should not over-rely on this resource and neglect other areas of economic activity like other countries have done."

The oil curse, some say, could well take hold in Ghana, reversing development and political gains highlighted when US President Barack Obama visited last year.

But other observers argue that if anybody can handle it in the region, Ghana can, precisely because of the development that has taken place. The country is already a major producer of cocoa and gold.

It has produced oil in the past, but only in very small quantities by industry standards. The recent find has set off intense interest from investors, including from China.

"Ghana has the potential to avoid it, but still has a lot to do to avoid the oil curse," said Emmanuel Kuyole, Africa regional coordinator for Revenue Watch Institute, referring to dangers posed by the sudden wealth.

There is concern that the country has not adapted its legislation quickly enough to cope with the windfall.

Commercial production comes just three years after the discovery of the oil -- and with proposed laws to regulate the industry still under debate in parliament.

"We ought to have been better prepared," said Bright Simons, researcher with the IMANI Center for Policy and Education, a Ghanaian think tank.

Critics also argue that Ghana does not yet have the infrastructure to tap the gas that comes with crude production.

That means gas flaring will inevitably take place, observers say, despite Atta-Mills' government having declared a policy of zero tolerance on the practice, which is widely viewed as damaging to the environment.

The Jubilee field was discovered in 2007 by US firm Kosmos and is estimated to contain some 1.8 billion barrels, one of the largest finds in West Africa in recent years.

Tullow says it will produce about 55,000 barrels a day within the first few months before more than doubling output to 120,000 bpd.

While considerable, the amount is only a fraction of Nigeria's two million barrels per day.

Ghana will be keen to avoid the unrest that has plagued Nigeria's main oil-producing region, the Niger Delta, where scores of attacks and kidnappings have occurred. An illegal oil industry has also thrived there.

Traditional chiefs in Ghana are already calling for 10 percent of oil wealth.

Investment in villages close to the oil field is crucial for Ghana to avoid a situation like the one in the Niger Delta, warned Kuyole.

Awulae Attibrukusu, a traditional chief in the region, one of Ghana's least developed, said the oil "provides new hope".

Hope In Due Course Uganda will follow suit ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#322 Posted : Thursday, December 16, 2010 3:32:10 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Hong Kong market continue its soft tone after Moody’s put Spain’s Aa1 government bond ratings on review fro possible downgrade. Hong Kong market narrowed traded on Thursday, Hang SEng index opened lower and retreated to test last month low level of 22,800 points, while selling pressures to be digested. Hang Seng index dropped 306 points to 22,668. H-share index fell 150 points to 12,434. Market remains caution with turnover only has HK$76.2bn. The newly listed CQRC Bank (3618) saw the highest of $5.49, and closed with HK$5.2, which is 1% slightly lower than its IPO price. Chinese banks were struggled at recent levels.






The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#323 Posted : Friday, December 17, 2010 7:13:19 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Hong Kong Shares ended slightly higher Friday due to bargain hunting in property firms, though lingering concerns about economic tightening in China capped gains.

The blue-chip Hang Seng Index rose 46.07 points, or 0.2%, to 22,714.85 after trading between 22,519.61 and 22,732.62. The index fell 1.9% this week.

Market volume totaled HK$72.54 billion, down from HK$76.27 billion Thursday.

Analysts said they expect the index to trade in a narrow range ahead of the holiday season.

Alvin Cheung, associate director at Prudential, said he expects the index to remain in a 22,500-23,000 range in the near term.

'A pre-holiday mood prevails, and I think range-trading will be the overall pattern for the Hang Seng Index ahead of the Christmas holiday,' he said.

Eugene Law, head of research at Celestial Securities, said: 'A lot of fund managers made handsome profits during the rally from September to early November. Many have chosen to lock in profits...there is no need for the traditional year-end window-dressing.'

Local property developers led the gains Friday. Hang Lung Properties gained 4.3% to HK$36.30, after falling 1.8% Thursday. New World Development rose 0.4% to HK$14.64, after falling 1.4% in the previous session.

Cosco International rose 3.4% to HK$4.85 after the company said Thursday it is selling its entire 16.85% stake in property-developer Sino-Ocean Land for HK$5.60 a share, for total net proceeds of HK$5.23 billion. Sino-Ocean Land ended 6.1% higher at HK$5.39.

GOME Electrical jumped 8.1% to HK$3.08 after it said Friday its shareholders approved the appointment of two representatives of the company's imprisoned founder, Huang Guangyu, to its board.

Russian aluminum giant United Co. Rusal advanced 3.1% to HK$10.50 after it said it expects to issue Russian Depositary Receipts on Thursday. The receipts will start trading on Russia's MICEX Stock Exchange and Russian Trading System Stock Exchange on Dec. 24.

Bucking the broader index's rise, Chinese banks fell due to lingering concerns Beijing may take further measures, such as raising interest rates, to rein in rising inflation.

Bank of Communications ended down 1.4% at HK$7.70, and Citic Bank fell 1.4% to HK$4.94
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#324 Posted : Saturday, December 18, 2010 2:23:14 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
China's yuan rose against the U.S. dollar late Friday due to a lower dollar-yuan central parity rate and the dollar's weakness overseas.
On the over-the-counter market, the dollar was at CNY6.6555 around 0830 GMT, down from Thursday's close of CNY6.6633. It traded between CNY6.6553 and CNY6.6671.
The yuan was nearly unchanged against the dollar on the week.
The People's Bank of China set the dollar-yuan central parity rate at 6.6593, down from 6.6635 Thursday and tracking the dollar's weakness offshore. The dollar slipped Thursday against the euro as traders awaited details from a European Union summit that might indicate a permanent solution to the euro zone's debt crisis is at hand.
The ICE U.S. Dollar Index, which tracks the U.S. dollar against a trade-weighted basket of currencies, was at 80.154 late Thursday in New York, down from 80.219 late Wednesday. At 0820 GMT, the dollar index fell to 79.771, as investors unwound positions amid signs that U.S. Treasury yields are easing as investors take profit to lock in gains before the end of the year.
Dealers said the dollar-yuan has remained close to the daily fixing in recent sessions as pre-holiday trading volume was thin, while Beijing this week reiterated the need to keep its currency stable.
People's Bank of China Gov. Zhou Xiaochuan said Friday the central bank faces a dilemma when adopting any policy tools, such as its exchange rate, as a stronger yuan would hurt exporters while benefiting importers, the state-run Securities Times reported Friday.
'The market doesn't expect any surprises from the PBOC before the end of the year,' a local bank trader in Beijing said.
Dealers said they expect the yuan to trade in a tight range around CNY6.65 against the dollar during the upcoming holiday season.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#325 Posted : Saturday, December 18, 2010 2:33:11 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
GHANA DATABANK STOCKBROKERS PREDICT 15% RISE IN GHANA STOCK EXCHAGE COME 2011


Ghana’s stocks measure, Africa’s third-best performer this year, is poised to rally as much as 15 percent in 2011 as companies gain from growth linked to the start of oil output, Ken Ofori Atta’s Databank Group has said. The exchange’s All-Share index may rise to 8,338.65 by the end of 2011, after climbing to 7,251 by this year’s end, said Doris Yaa Ahiati, an analyst with the Accra-based group’s stockbroking unit.

“We expect the market to benefit from oil production, which will lift economic growth from about 5.9 percent this year to 12.3 percent next year,” she said in an interview in Accra yesterday.

The 36-member bourse, which plunged 47 percent in 2009 to make it the world’s worst performer that year, has advanced 25 percent in 2010 because of “renewing interest from foreigners” who fled investments perceived as risky during the global economic crisis, Ahiati said.

Tomorrow’s start of production at the Jubilee oil field will spur growth in the West African nation, Finance Minister Kwabena Duffuor said last month.

“We foresee an increase in the demand of the goods of the consumer stocks,” Ahiati said, citing Unilever Ghana Ltd., PZ Cussons Ghana Ltd. and Fan Milk Ltd.

Tullow Oil Plc, the U.K.-based operator of the Jubilee field, plans to list on the Ghanaian bourse next year. Comet Properties Ltd. will become the first real-estate company to trade shares on the exchange after an initial public offering set for this month.

Aluworks Ghana Ltd., a manufacturer of aluminum products whose shares declined 57 percent this year, will benefit from the restart of operations of the Volta Aluminium Co., which supplies raw material to the company, Ahiati said.

Liquidity on the market, according to the bank will be boosted by a pension law that allows employees to save part of their contributions with a private fund meaning managers will “come to the market next year grabbing whatever they get.”



The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#326 Posted : Monday, December 20, 2010 8:27:47 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
HK stock market performed weak on Monday while Korea issue further tension, triggered Asian stock market including A share retreat. Hong Kong stock market once saw its loss extended with the HSI once lose 300 points. However, Asian Stock narrowed its loss and HK stock market rebound from its low. The Hang Seng Index dropped 76 points to 22,639 while H share index lost 60 points to 12,408. Market turnover reduced to HK$60.3bn reflecting lack of market momentum. Since its second quarter is much below expectation, Li Ning (2331.HK) share price dropped 15.9% to HK$17.88. For other stocks, since there are lots of second and third liners conduct share placement, it dropped below the share price afterward. Of which, CST mining(0985.HK) dropped 13.9% on Monday.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#327 Posted : Tuesday, December 21, 2010 12:25:50 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
HK stock market opened higher on Tuesday, gains was expanded further in later session triggered by the rebound in A-share market. Hang Seng Index gained 354 points to finish the day at 22,993 near the day-high while H share index added 198 points to 12,607. Market turnover was HK$60.0bn reflecting cautious market sentiment. Mainland insurers were strong, Ping An (2318) and PICC (2328) surged 3.4% and 4.6% respectively. Li Ning (2331) plunged 5.3% after tumbling 15.9% on Monday. The three mainland telcos saw the mobile subscribers growth to decline in Novenmber. Of which, China Mobile (0941.HK) saw the worse performance, however it followed the market to gain 0.7%.







The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#328 Posted : Tuesday, December 21, 2010 3:56:55 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Hong Kong shares ended higher Tuesday, led by coal producers on expectations of robust sales during the winter and as tensions on the Korean peninsula eased.

The blue-chip Hang Seng Index rose 354.78 points, or 1.6%, to 22,993.86 after trading between 22,671.61 and 23,025.47.

Market volume totaled HK$59.95 billion, down slightly from HK$60.33 billion Monday.

Analysts said they expect the index to consolidate between 22,500-23,500 until the end of the year.

All but one of the Hang Seng Index's 45 constituents ended higher.

'Share prices rebounded across-the-board as a result of the easing tensions on the Korean peninsula and year-end window-dressing activities,' said Ben Kwong, associate director of KGI Asia. 'The rebound will likely continue over the remaining trading days of the year.'

Asian stock markets mostly rose after North Korea stood pat Monday as South Korea conducted an artillery drill on an island in disputed waters.

In Hong Kong, China Shenhua Energy Co., China's largest listed coal producer by output, was among the day's biggest gainers, rising 3.7% to HK$32.30, after saying it will buy CNY8.7 billion worth of assets from its parent as part of a plan to boost its coal reserves and expand production. The acquisitions will boost Shenhua's recoverable coal reserves 21% to 14.0 billion metric tons from 11.6 billion tons.

China Coal rose 1.7% to HK$11.92.

J.P. Morgan said in a research note it expects China's coal demand to grow 5.9% next year to 3.57 billion tons, outstripping supply growth of 5.5% to 3.41 billion tons.

Castor Pang, research director at Cinda International, said the coal producers' gains and coal price rises are likely to continue due to the poor transportation network in China.

'The problem isn't really about demand over supply. There is always enough coal for domestic consumption in China. The price of coal is set to continue to rise in winter because the poor infrastructure has made the transportation of coal difficult in cold weather.'

China Unicom was the day's worst-performing blue chip. It ended unchanged at HK$11.64 after its fixed-line subscribers fell 734,000 to 98.548 million in November. But the telecom firm said it added 1.12 million new third-generation service subscribers during the month, resulting in a 3G subscriber base of 12.776 million.

'The November data were only part of the reason for the share price fall,' Pang said. 'The price-cutting strategy the company adopted recently is unlikely to be sustainable as it will only attract low-end users with limited returns.'

China Unicom said it will cut the prices of its entry-level 3G monthly plans, in a bid to attract low-end to mid-range users with limited value-added service demand.

Developers rose after Midland Realty changed its forecast for property transactions next year, as buying confidence returns after the Hong Kong government introduced measures last month to cool the real-estate market. The property agent now expects home sales to drop 17% next year, less than its earlier forecast of 25%.

Cheung Kong rose 2.0% to HK$116.3 and Sino Land gained 2.2% to HK$15.22
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#329 Posted : Wednesday, December 22, 2010 1:22:18 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
HK stock market opened higher which overcome the resistance at 23,000, while its gain is further extended, which once rose 170 points. However, A share market retreat which narrowed the HK stock gain. The Hang Seng Index rose 51 points at 23,045 while H share index rose 4 points to 12,611. Market turnover dropped to HK$54.2bn, which reflecting lack of market momentum. Resources play perform well, of which, NDRC adjusted refined product price upward, downstream based Sinopec(0386.HK) rose 2.4%. On the other hand, since Cheung Kong (0001.HK) plans to spin-off its mainland property portfolio to be the first RMB-denominated stock in HK, Cheung Kong rose 3.5%.




The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#330 Posted : Friday, December 24, 2010 12:59:06 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Local market continued range-trading on Friday with only morning trading hour, Hang Seng Index finished the day at 22,833, dropped 69 points while H-share index lost 73 points to 12,442. Market turnover was HK$23.6bn, reflecting cautious investment sentiment ahead of the Christmas holiday. Beijing announced purchase constrains on automobiles which may adversely affect sales, dragging auto plays to plunge, Dongfeng (0489) and Brilliance (1114) tumbled 7.9% and 7.5% respectively. US Accused China illegally subsidize Wind power industry, China High speed (0658) declined 1.2%.







The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#331 Posted : Friday, December 24, 2010 1:21:00 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Hong Kong shares ended slightly lower Friday in a shortened trading session ahead of the Christmas holiday, led by Chinese lenders and car makers due to concerns about further monetary tightening by Beijing.

The blue-chip Hang Seng Index fell 69.17 points, or 0.3%, to 22,833.80, after trading between 22,776.62 and 22,948.25. The benchmark index rose 0.5% this week.

Market volume totaled HK$23.63 billion, up from HK$23.02 billion at Thursday's midday break. Turnover for Thursday's full session totaled HK$43.98 billion.

Analysts said they expect trade to be muted in the three and a half trading sessions left this year, with the benchmark index facing resistance at 23,300, due to concerns about further tightening in China to curb rising inflation.

Hong Kong's stock market will be closed Monday for the Christmas holiday and will trade for just half a day on Dec. 31.

Ben Kwong, associate director of KGI Asia, said many investors took to the sidelines before the three-day Christmas holiday, and he expects the HSI trade in a 22,500-23,300 next week.

Chinese lenders extended losses Friday because of lingering concerns about a possible increase in interest rates in the near term. China Construction Bank fell 1.2% to HK$6.78, following a 0.7% decline Thursday, and Bank of Communications ended 0.9% lower at HK$7.74, extending its 1.0% fall the previous day.

Chinese auto makers ended lower after Beijing's municipal government on Thursday unveiled drastic new measures to curtail the number of cars sold in the city next year, in a bid to ease traffic chaos in the capital.

Dongfeng Motor plunged 7.9% to HK$13.08, and Brilliance China fell 7.5% to HK$5.41. Geely Auto ended 6.0% lower at HK$3.43.

Beijing will limit the issuance of new car and micro-van license plates in the city to 240,000 in 2011, about one-third of this year's figure, and only registered Beijing residents will be able to obtain one.

'Brilliance China's business will be the most affected by the new rules as the car maker sells such a large percentage of its cars in Beijing,' said Patrick Yiu, managing director of CASH Asset Management.

Blue-chip developer Cheung Kong fell 0.7% to HK$120.00 due to profit-taking after rising 3.9% in the previous two sessions following reports about its plans to list a yuan-denominated real estate trust in Hong Kong as soon as the second quarter of 2011.

Bucking the downtrend, exporter Li & Fung rose 2.8% to HK$45.50, as analysts expect the firm to benefit from the slow-but-steady economic recovery in the U.S.

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#332 Posted : Wednesday, January 05, 2011 11:29:07 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
This serves as my last post in Hongkong & mainland stocks investment.

Anytime in future that you you want to invest in Hong Kong, the stockbroker KGI Asia is highly recommended:-

www.kgieworld.com

I will start a new series on Australia / Singapore stock investment that will likely take us the whole of this year. occasionally I will also delve into Africa (Ghana, RSA) as the time permits.
Happy 2011 to all of you !
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Apple Bees
#333 Posted : Wednesday, January 05, 2011 9:04:25 PM
Rank: Member


Joined: 7/5/2008
Posts: 390
pls start one purely on Ghana. Am really interested.
young
#334 Posted : Wednesday, January 05, 2011 10:06:01 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Check my earlier posts I have fully earlier discussed Ghana.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#335 Posted : Friday, January 07, 2011 1:15:44 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
EYE ON SINGAPORE AND AUSTRALIA MARKETS


Singapore and Australia markets are two of a kind.
This is because there is a planned merger of both markets to a single Sino-Pacific market. The senior partner in this merger is singapore.

Observers are watching how they will create a synergy on the combined entity bearing in mind their differences in mode of operations.
It is however a cheering news to Australian as this will give them exposure to fast developing Asian market, while Singaporeans will have opportunity to invest in the home of resources (Australia).

For third world mortals like me an you, it will be quite interesting to open one broking account that will allow you to access and trade on combined Singapore-Australian bourse. This will also give you the advantage of accessing New Zealand counters as most blue chip New Zealand counters are cross listed in the Australian bourse.
While Singapore is the financial and shipping power in Asia, Australia is the haven of commodities (metals, energy, agriculturals).

I am yet to ascetain the impact on the thinly traded , illiquid New Zealand bourse.


Check out the link below for details :-

http://www.livemint.com/...ustralia-bourses-i.html

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
FUNKY
#336 Posted : Friday, January 07, 2011 1:29:51 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
@ young...how do we invest in these austrlalian market from here in Kenya...after going through the link i am sure whoever puts their money will make huge gains in a few months.
young
#337 Posted : Friday, January 07, 2011 1:51:32 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
If I were you @Funky I would go for the senior partner that is a Singaporean stock broker.

If you so wish I will recommend to you the stockbroker I use (since 2005), DBS Vickers Online PTE LTd, the stockbroking arm of DBS Bank, the biggest bank in Singapore.

www.dbsvickers.com
OR
better still

http://www.dbsvickers.com/faq/Pages/default.aspx
FOR

requisite forms to fill with supporting documents check

http://www.dbsvickers.co...orms/Pages/default.aspx

You require the following forms and your signature should be notorized by a Kenya public notory, same with your Kenya passport :-

- Individual/ Joint Account Application Form

- CDP Form 25A: Authorisation for linkage of Trading
Account to Securities Account

- CDP Form 1.3: Application for opening of
Securities Account

W-8BEN Form (for trading in the US market)
General Trading Agreement (Only required if you
wish to trade in US market)


- General Trading Agreement



Even before the merger opening a broker account with them gives you access to trade on the following bourses:-
US, UK, Canada, Hong Kong
the new addition now will be Australia.

Follow up the instructions and the processes involved.
For example you must also open a CDP account with the help of your broker.

I reside in Nigeria an invest in Singapore/Australia so you can as well invest there from Kenya.

Best of luck
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#338 Posted : Sunday, January 09, 2011 7:03:24 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Ghana based fund managers databank group has returned a salutary 2010 performance in her fund manage products returned as follows L-

Epack :- 22%
Bfund :- 34%
Mfund :- 13.4 %

www.databankgroup.com


Note 1 USD = 1.44 Ghana Cedis
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#339 Posted : Sunday, January 09, 2011 7:09:52 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
The Singapore stock exchange can be accessed through

www.sgx.com

and the central depository

www.cdp.com.sg


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
young
#340 Posted : Sunday, January 09, 2011 7:12:07 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
For the Australian market, I will strongly reccommend commonwealth Stockbrokers, the broking arm of Common Wealth Bank Of Australia

www.commsec.com.au


With a broking accont with Commsec, you have an opportunity to trade globally with not less than 10 foreign exchanges as Commsec throuhj her global alliance with leading stockbroking firms will enable you achieve this objective. But be aware that the trading commissions are far much higher to trade with commsec foreign equities.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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