Equities of MTN Ghana emerged the most traded stock on the Ghana Stock Exchange (GSE) for the first quarter of this year.
Shares of MTN Ghana traded on the local bourse accounted for 75.30 percent of the total volume of 101 million stocks valued at Ghs 101.69 million traded on the exchange for Q1 2021.
MTN Ghana for the period under review, with a gain of 32.81 percent in share price for investors, led a pack of 9 gainers on the exchange.
The eight gainers led by MTN Ghana include; Societe Generale (+17.19%), Total (+11.31%), Standard Chartered (+11.28%), GCB (+11.11%), Republic Bank (+9.76%), Enterprise (+2.86%), Fan Milk (+0.93%) and Goil (+0.67%).
Equities that fell in share prices and emerged losers on the GSE for Q1 2021 were; Access Bank (-2.05%), Cal Bank (-7.25%), Aluworks Limited (-9.09%), Ecobank Transnational Incorporation (-12.50%) and Unilever (-26.90%).
In its Q1 2021 Market Update Report, Asset Management Company, Tesah Capital, noted that the GSE Composite index – the benchmark index which measures the performance of shares on the exchange – increased by 271.70 points ending Q1 2021 with 2,213.39 points, resulting in a year-to-date return of 13.99 percent for investors.
The market capitalization of the GSE – measured by the number of outstanding shares on the exchange multiplied by the prices of the various equities – at the end Q1 2021, Tesah Capital further notes in its report, amounted to Ghs 57.8 billion on the back of a 6.4 percentage points growth in capitalization on a quarter-on-quarter basis from December last year when its market capitalization was in the region of Ghs 53 billion.
Read below details of the report:
Ghana 2021 Q1 Financial Update by Fuaad Dodoo on Scribd
