GSE: Fall in MTN, Access Bank shares leads to GHS 389m decline in market capitalization
The local bourse lost a total of GHS 389 million in its market capitalisation to end the week with a total market value of GHS 63.34bn.
The decline in the market value of the bourse was the result of recorded declines in the share prices of MTNGH and Access Bank.
Cumulatively, the two equities declined by 10.51% with MTNGH and Access Bank recording losses of 2.78% and 7.73% respectively.
DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| MTNGH | 1.05 | 1.08 | -2.78% | -5.41% |
| ACCESS | 2.15 | 2.33 | -7.73% | -31.75% |
The benchmark GSE-CI on the back of the decline in the two stocks lost 37.26 points to end the week at 3,693.11 points translating into a YTD returns of -3.45% for investors.
The GSE-FSI also lost 4.75 points to close the week at 2,112.90 points translating into a YTD return of -1.81%.
The loss in the benchmark GSE-CI was moderated by gains in share prices of SIC and Guinness Ghana as the two equities emerged the top two gainers over the week.
SIC gained 25% in its share price whereas Guinness Ghana gained 0.95% in its share price.
GAINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| SIC | 0.10 | 0.08 | 25.00% | 25.00% |
| GGBL | 2.12 | 2.10 | 0.95% | 17.78% |
A total of 4.7 million shares valued at GH¢3.92 million traded during the week compared to 10.24 million shares valued at GH¢12.58 million which traded the previous week.
Guinness Ghana recorded the most trades per value during the week as it accounted for 54.22% of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| SIC | 2,408,665 | 219,800 |
| GGBL | 1,004,503 | 2,129,537 |
| CAL | 726,348 | 617,396 |
| GOIL | 284,647 | 518,058 |
| MTNGH | 249,008 | 261,733 |
Peruse report below:
Weekly Capital Market Report_week Ending 18.02.2022 by Fuaad Dodoo on Scribd
