StanChart, Ecobank, MTN and Unilever post share price gains on local bourse over the week
On the Ghana Stock Exchange over the week, Standard Chartered Bank (SCB), Unilever (UNIL), Ecobank Ghana (EGH), and MTN Ghana (MTNGH) reported gains of GH¢1.72, GH¢0.97, GH¢0.60, and GH¢0.04, respectively, closing at GH¢19.25, GH¢10.25, GH¢6.10, and GH¢1.44.
Conversely, Fan Milk PLC (FML) experienced a decline of GH¢0.05, concluding the week at GH¢3.30.
The total market capitalization of the GSE saw a notable decrease, plummeting by GH¢1.01 billion to settle at GH¢75.62 billion.
Trading activities witnessed a substantial uptick, with the total volume traded skyrocketing to 3,866,526 shares, compared to the previous week’s 733,867 shares.
Total turnover mirrored this surge, reaching GH¢6,502,780.49, a stark contrast to the GH¢871,017.85 recorded the previous week.
MTNGH emerged as the market leader, dominating with a traded volume of 3,444,715 shares, translating to a value of GH¢4,911,184.06.
Noteworthy trades also transpired in the manufacturing, finance, and distribution sectors, with Fan Milk PLC (FML), Total, and Access ranking among the top five traded equities for the week.
Meanwhile, the Ghana Stock Exchange Composite Index (GSE-CI) experienced a robust week, posting a gain of 92.86 points to close at 3,278.04 points, resulting in a Year-To-Date (YTD) gain of 4.72%.
Simultaneously, the GSE Financial Stocks Index (GSE-FSI) closed at 1,996.71 points, marking a 73.81-point increase from the week’s opening level and boasting a YTD return of 5.00%.
These developments on the GSE offer a comprehensive snapshot of the dynamic movements within the Ghanaian financial landscape.
