Stock Market Review

Kofi Yamoah

International News

US stocks fell on Monday as jitters about euro zone debt bailouts, including more financial reforms by Greece, and doubts about the pace of global growth encouraged investors to shed riskier assets.

A gauge of manufacturing in New York State tumbled much more than expected in May to its lowest level in five months, the New York Federal Reserve said in a report, further souring investor sentiment.

In deal news, shares of NYSE Euronext fell 10.1% to $36.77 after Nasdaq OMX Group Inc and Intercontinental Exchange withdrew their bid for the rival exchange.

“The issue about Greece and the drop in commodity prices are raising many questions. Is the expansion over and will the European debt crisis be resolved?” said John Canally, investment strategist for LPL Financial in Boston.

The Dow Jones industrial average was down 54.64 points, or 0.43%. The Standard & Poor’s 500 Index was down 6.53 points, or 0.49%, at 1 331.24. The Nasdaq Composite Index was down 16.36 points, or 0.58%, at 2 812.11.

 

Epack                                                            MFund

Last Price     :     GH¢1.04                            Bid Price       :GH¢0.3054 Gain/Loss     :     GH¢0.0022                       Offer Price     :GH¢0.3085

Gain (%)       :       4.08%                             Annualized Yield: 14.55%

BFund                                                              Gold Fund

Bid Price        :   GH¢0.1671                           Offer Price     : GH¢585.00

Offer Price     :    GH¢0.1688                         Price Change   : GH¢2.00

Year-To-Date :     8.72%                                 Year-To-Date  : 0.86%

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