GSE falls by 23.6 points as CAL and Ecobank post negative returns of 23.6%
Equities of CAL Bank and Ecobank Ghana at the close of trading on Friday, July 22, recorded negative year-to-date returns of 13.79% and 9.87% on share prices respectively.
Cumulatively, the negative year-to-date returns of the two stocks summed up to 23.6%.
CAL at the close of trading activity on Friday, lost 5 pesewas in its share price value whereas Ecobank lost 75 pesewas in its share price value.
The two stocks ended the week with share prices of GHS 0.75 and GHS 6.85.
DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| CAL | 0.75 | 0.80 | -0.05 | -13.79% |
| EGH | 6.85 | 7.60 | -0.75 | -9.87% |
Meanwhile, market activity for the week was down 23.63 points to close at 2,440.50 points translating into a YTD return of -12.51%.
The GSE Financial Stock Index (GSE-FSI) also lost 47.42 points to close at 2,115.61points translating into a YTD return of -1.68%.
Twenty-two (22) equities traded over the week, ending with two (2) decliners. CAL and EGH were the decliners.
As a result, market capitalization decreased by GH¢273.25 million to close the trading week at GH¢63.48 billion.
A total of 2.09 million shares valued at GH¢1.87 million traded during the week.
Compared with the previous trading week, this week’s data shows a 96.53% decline in volume traded and 96.58% decline in trade turnover.
Scancom PLC. (MTNGH) recorded lion’s share of trades as it recorded the most volumes and accounted for 80.85% of the total value traded.
Weekly Capital Market Report Week Ending 22.07.2022 2022-07-22 (1) by Fuaad Dodoo on Scribd
