Ecobank Ghana (EGH), for the week ending April 9, become the only laggard on the Ghana stock exchange (GSE).
Ecobank last week saw its share price decline by 2.78 percent, closing the week with a share price of Ghs 7.00.
The fall in share price represents a year-to-date change of -2.78 percent.
Volume of EGH equities traded on the GSE last week amounted to 22,703 valued at Ghs 160,284.
Over the last 50 days, EGH equities has lost some Ghs 0.19 pesewas in value.
Meanwhile, equities of MTN Ghana, Standard Chartered Bank and Enterprise Group Limited recorded gains in share prices driving the GSE Composite index up to 18.53 percent from the previous week of 13.59 percent.
MTN Ghana lead gainers on the GSE with a 9.41 percent gain to close at Ghs 0.93 which is a new year-high for the stock.
Enterprise Group Limited and Standard Chartered Bank PLC. also gained 0.69 percent and 0.06 percent to close at Ghs 1.45 and Ghs 18.16 respectively.
Cumulatively, some 3.72 million shares valued at Ghs 3.62 million exchanged hands in thirteen (13) equities with MTN Ghana recording the lion’s share of trades of 3.26 million.
The stock market at the close of the week gained 88.06 points to 2,301.35; representing a Year-to-Date return of 18.53 percent which is an impressive return compared to -5.40 percent (YtD) recorded same period last year.
Find below Universal Merchant Bank’s (UMB) review of Ghana’s financial market for the week ending on April 9, 2021:
Weekly Financial Market Review – Week Ending 09-04-2021 by Fuaad Dodoo on Scribd
