Quantifying the Information Flow between Ghana Stock Market Index and Its Constituents Using Transfer Entropy

Table 1

Listed companies sampled.

Code	Company
AADs	AngloGold Ashanti Depository Shares
AGA	AngloGold Ashanti Limited
ALW	Aluworks Ltd
AYRT	Ayrton Drug Manufacturing Co Ltd
BOPP	Benso Oil Palm Plantation Ltd
CAL	CAL Bank Limited
CLYD	Clydestone (Ghana) Limited
CMLT	Camelot Ghana Ltd
CPC	Cocoa Processing Company
EGL	Enterprise Group Limited
ETI	Ecobank Transnational Inc
FML	Fan Milk Limited
GCB	Ghana Commercial Bank Limited
GGBL	Guinness Ghana Breweries Ltd
GOIL	Ghana Oil Company Limited
GSR	Golden Star Resources Ltd
GWEB	Golden Web Limited
MLC	Mechanical Lloyd Company Plc
PKL	Pioneer Kitchenware Limited
PBC	Produce Buying Company Ltd
PZC	PZ Cussons Ghana Ltd
HFC	HFC Bank
SCB	Standard Chartered Bank Ghana Ltd
SCBP	Standard Chartered Bank Ghana Ltd Preference
SIC	SIC Insurance Company Limited
SPL	Starwin Products Limited
ACI	African Champion Industries Limited
SWL	Sam Wood Ltd
TBL	Trust Bank Limited (Gambia)
TOT	Total Petroleum Ghana Ltd
TRANS	Transactional Solutions Ghana
UNIL	Unilever Ghana Limited