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Home Business Markets

Guinness Ghana investors lose 46.75% on GSE

5 years ago
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Guinness Ghana - norvanreports

Guinness Ghana - norvanreports

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The Ghana Stock Exchange (GSE) closed red at the back of Guinness Ghana Breweries (GGBL) shedding 10% (10 pesewas) of its opening share quote of GHS 1.00 to close as at GHS 0.90 per share.

The equity has 307.59 million shares worth GHS 276.84million, it has since lost -35.71% in six months and 46.75% of its value from year open, it began the year at GHS 1.69.

By end of Wednesdays’ trading session, GGBL as the sole loser out of the eleven (11) listed equities that participated in trading on the floor of the exchange, recorded the highest volume of shares as 759,729 shares changed hands at GHS 683,550.00.

MTN Ghana followed with 9,500 shares trading at GHS 0.61 per share. Societe General, Total Petroleum Ghana and Cal Bank were part of the top traded equities in terms of volume and traded 4,400, 800 and 648 shares each.

Hence, we saw a total of 776,877 shares trading at sales value of GHS 696,279.15, comparing this to Tuesday, total turnover was down by 89%.

The current GSE market capitalization was also down by -0.06% to seal the day at GHS 53.09 billion.

The broader market index (GSE-CI) went down by 2.94 points (-0.16%) to end the day’s trading session at 1,819.28 points.

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It still records a week-to-date gain of 0.65% and a year-to-date return of -19.4%.

The Financial Stock Index (GSE-FI) on the other hand maintained its opening level at 1,623.89 points and a year-to-date decline of 19.6%

Source: Bertha Atubiga
Via: norvanreports
Tags: GSEGSE-CIGSE-FIGuinness Ghana
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