Enterprise Group Ltd., an insurer in Ghana, rose the most in two weeks on analysts’ estimates that profit more than tripled last year.
The stock gained 2 pesewas, or 4.2 percent, to 50 pesewas by the 3 p.m. close in the capital, Accra. That’s the biggest gain since Jan 25.
“Enterprise made a profit of 6.5 million cedis ($4.3 million) in the first three quarters of last year which when annualized is in excess of 8 million cedis,” said Enyonam Dagadu, a stock broker with African Alliance Securities Ghana Ltd., in a phone interview today. “This compares with 2.2 million cedis profit in 2009,” she added. The company is expected to release its results soon, Dagadu said.
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