GSE market capitalization contracts by GHS 263m as ETI, GCB and CAL decline in share price
The local bourse lost a total of GHS 263 million in its market capitalisation to end the week with a total market value of GHS 62.28bn.
The decline in the market value of the bourse was the result of recorded declines in the share prices of ETI, GCB and CAL Bank.
TOTAL emerged the sole gainer on the bourse with a 0.04% appreciation in share price.
Cumulatively, the three equities declined by 0.06% with ETI, GCB and CAL Bank recording losses of 0.01%, 0.01% and 0.04% respectively.
GAINERS & DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| TOTAL | 4.10 | 4.06 | 0.04 | -18.33% |
| ETI | 0.18 | 0.19 | -0.01 | 28.57% |
| GCB | 5.06 | 5.07 | -0.01 | -3.44% |
| CAL | 0.87 | 0.91 | -0.04 | 0.00% |
Market activity for the week decreased by 9.41 points to close at 2,554.79 translating into a YTD return of -8.41%.
The GSE Financial Stock Index (GSE-FSI) also decreased by 17.86 points to close the week at 2,192.57 translating into a YTD return of 1.89%.
A total of 4.80 million shares valued at GH¢4.29 million traded during the week compared to 1.67 million shares valued at GH¢3.92 million which traded the previous week.
Scancom PLC. (MTNGH) recorded lion’s share of trades as it recorded the most volumes and accounted for 93.13%of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 4,438,333 | 3,994,499.70 |
| ETI | 210,686 | 37,936.70 |
| SIC | 36,776 | 10,297.28 |
| CAL | 29,186 | 26,056.64 |
| IIL | 23,949 | 957.96 |
Peruse report below:
Weekly Capital Market Report Week Ending 27.05.2022 2022-05-27 by Fuaad Dodoo on Scribd
