Food and Beverage Equities Hold Steady Amid Limited Trading Activity on Local Bourse

Food and Beverage Equities

Benso Palm Plantation (BOPP) maintained its steady course on the Ghana Stock Exchange, closing last week at GHS 25.26, unchanged due to lack of trading in the equity. The equity begins the new trading week at the same price, with a market capitalization of GHS 879.05 million, supported by 34.80 million issued shares.

Guinness Ghana Breweries PLC (GGBL) saw marginal movement with 20 shares traded at GHS 5.50, generating a modest value of GHS 110. The company’s share price remains unchanged at GHS 5.50, while its market capitalization holds firm at GHS 1.69 billion, underpinned by 307.59 million issued shares.

Insurance Equities

Enterprise Group PLC recorded minimal trading, with six shares exchanged at a total value of GHS 11.88. The share price begins the week at GHS 1.98. Enterprise’s market capitalization is GHS 338.37 million, based on 170.89 million issued shares.

SIC Insurance Company PLC experienced similarly subdued activity, with 30 shares traded at a total value of GHS 8.10. Its share price remains stable at GHS 0.27, with a market capitalization of GHS 52.82 million, supported by 195.65 million issued shares.

Banking Equities

Societe Generale Ghana (SOGEGH) reported no trading activity, keeping its share price static at GHS 1.50. The bank’s market capitalization remains at GHS 1.06 billion, with 709.14 million issued shares in circulation.

Cal Bank emerged as a notable player, with 830,002 shares traded, amounting to GHS 315,400.76 in value. The share price held steady at GHS 0.38, while the bank’s market capitalization stands at GHS 411 million, reflecting 1.08 billion issued shares.

Key Market Highlights for Last Week

• Top Performers:
  • GLD advanced to close at GHS 408.99.
  • TOTAL ended the week at GHS 13.31.
  • MTNGH reached GHS 2.65, demonstrating robust investor interest.

• Notable Trading Volumes:
  • MTNGH led the market with 2,567,358 shares traded, valued at GHS 6.71 million.
  • SIC rounded out the top five with 41,460 shares traded, worth GHS 11,194.20.

Market Dynamics

The Ghana Stock Exchange saw its market capitalization increase to GHS 113.67 billion, up from GHS 111.74 billion, indicating strengthened investor confidence.

The GSE Composite Index (GSE-CI) rose 3.15%, closing at 5,057.20 points, outpacing last week’s 0.26% uptick. Meanwhile, the GSE Financial Stock Index (GSE-FSI) edged higher by 0.10% to 2,385.96 points, bringing its year-to-date return to 0.32%.

Total trading volume surged by 822.03%, reflecting heightened activity, although trade turnover dipped by 8.97%, suggesting cautious positioning in high-value trades.

Outlook

Last week’s performance underscores investor resilience and selective interest in equities with stable fundamentals. As economic conditions stabilize, the Ghana Stock Exchange appears poised for sustained activity, particularly in the financial and telecommunications sectors.