News Column

MEGA African Capital Lists on GSE

April 25, 2014

Masahudu Kunateh

MEGA African Capital, a long-term private investment company, has been listed on the Ghana Stock Exchange (GSE).

The entity has offloaded about 1,3 million of its shares at a price of $1.5 (3 cedis) per share on the local bourse.

This would enable investors and traders of shares to have an additional option and added variety of stocks to choose from on the GSE.

In less than a day of listing, the firm indicates the share is already undervalued and hence will pose a significant opportunity for investors.

Managing Director of the company, Kwesi Amonoo Neizer, added that his outfit's listing said the firm should have quoted the share price at over 4 cedis.

The Managing Director the Ghana Stock Exchange, Kofi Yamoah, expressed excitement about the listing.

"MAC's listing will improve the supply side of trade on the bourse," he said.

Mega African Capital, which targets high net-worth investors looking for African opportunities to generate high real returns, has investments in Ghana, Tanzania and Malawi.

Its listing brings the number of listed firms on the GSE to 36.

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Source: AllAfrica