GSE: Stock market records first gain after weeks of bearish run
The local bourse at the end of last week gained 1.80 points to close trading on Friday at 2,811.81 points.
This translates into a year-to-date return of 44.82% for investors this year.
The 1.80 points gain recorded by the benchmark GSE-CI for last week, marks the first time the benchmark index has recorded a positive change after weeks of declining share prices.
Prior to last week, the benchmark GSE-CI dropped by 32.06 points to close at 2,810.01 points.
The dip in the benchmark GSE-CI was as a result of loses made by five (5) equities during the week.
Also recording a gain was the GSE Financial Stock Index (GSE-FSI) which gained 3.27 points to close at 2,076.90 points translating into a YTD return of 16.50% for traders.
The gain in the GSE-FSI was as a result of a 3.57% price gain in the equity of Cal Bank as the bank gained GH¢0.03 to close at GH¢0.87 on Friday.
The bank emerged the sole gainer on the market on Friday.
GAINER
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| CAL | 0.87 | 0.84 | 3.57% | 26.09% |
Market capitalization at the close of the week therefore increased by GH¢18.80 million to close trading at GH¢63.90 billion representing a growth of 17.52% in 2021.
A total of 9.4 million shares valued at GH¢12.23 million traded during the week representing a decline in trade turnover compared to the previous week.
MTNGh recorded the lion’s share of trades, accounting for 84.9% of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 8,964,760 | 10,395,542 |
| GOIL | 172,967 | 314,800 |
| EGL | 119,633 | 302,671 |
| SCB | 52,792 | 1,071,678 |
| CAL | 48,119 | 41,402 |
Read details of equity report below:
Weekly Capital Market Report_week Ending 17.12.2021 by Fuaad Dodoo on Scribd
