SIC and Enterprise post share price gains of 50% on local bourse
Stocks of SIC Insurance Company (SIC) and Enterprise Group Limited (EGL) at the close of last week’s trading recorded 50% increment in share prices.
SIC led gainers on the local bourse with a 40% increment in stock price representing a year-to-date gain of 75% for the equity.
For EGL, its stock posted a 10% increase in its stock price recording a year-to-date gain of 18.28% for the equity.
GAINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| SIC | 0.14 | 0.10 | 40.00% | 75.00% |
| EGL | 3.30 | 3.00 | 10.00% | 18.28% |
The benchmark GSE-CI on the back of the share price gains in SIC and EGL posted gains of 1.36 points to close the week at 2,644.47 points translating into a year-to-date return of -3.40% for traders.
The GSE-FSI also gained 2.46 points to close the week at 2,115.36 points translating into a year-to-date return of -1.70% for traders.
The gains in the GSE-FSI was moderated by losses in share prices of CAL Bank and Access Bank.
The two financial stocks recorded losses of -3.53% and -7.73% respectively.
DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| CAL | 0.82 | 0.85 | -3.53% | -5.75% |
| ACCESS | 2.15 | 2.33 | -7.73% | -31.75% |
Market value of the stick market therefore reduced by GHS 479m to close the trading week at GHS 62.86 billion.
A total of 8.2 million shares valued at GH¢2.95 million traded during the week compared to 4.7 million shares valued at GH¢3.92 million which traded the previous week.
SIC Insurance Company Ltd. (SIC) recorded the most trades per value over the week as it accounted for 28.30% of the total value traded on the stock market.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| SIC | 6,781,794 | 835,486.00 |
| MTNGH | 711,283 | 746,847.00 |
| CAL | 330,622 | 273,368.00 |
| PBC | 119,700 | 2,394.00 |
| EGL | 102,065 | 336,437.00 |
Peruse report below:
Weekly Capital Market Report_week Ending 25.02.2022 by Fuaad Dodoo on Scribd
