Ghana’s bourse lose GHS 231m in capitalisation as volume, value traded decline by 67%, 72% WoW
Market value of the Ghana Stock Exchange (GSE) at the close of last week declined by GHS 231m.
The bourse ended the week with total market value of GHS 64.61bn.
The decline in the bourse’ market value was evidenced by the 6.95 points and 13.94 points decline in the benchmark indices of the Exchange – the GSE Composite Index and GSE Financial Stock Index.
The GSE-CI ended the week with 2,538 points translating into a YTD loss of 8.99% in share prices.
Also, the GSE-FSI, ended the week with 2,163 points translating into a YTD return of 0.52% in share prices of financial equities.
On the last day of the week, Friday, July 8, the stock market recorded losses in the share price of two equities namely Ecobank Transnational Incorporated (ETI) and Societe Generale Ghana (SOGEGH).
One equity – SIC – however, emerged the sole gainer on the stock market.
GAINER & DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| SIC | 0.32 | 0.31 | 0.01 | 300.00% |
| ETI | 0.16 | 0.17 | -0.01 | 14.29% |
| SOGEGH | 1.17 | 1.18 | -0.01 | -2.50% |
On a week-on-week (WoW) basis, last week’s data compared to the previous week shows a 67.85% decline in volume traded and 72.20% decline in trade turnover.
A total of 1.87 million shares valued at GH¢1.82 million traded during the week.
Scancom PLC. (MTNGH) recorded the lion’s share of trades as it recorded the most volumes and accounted for 56.27% of the total value traded.
Weekly Capital Market Report_week Ending 08.07.2022 by Fuaad Dodoo on Scribd
