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Home Business Banking & Finance

StanChart leads trading with shares accounting for 30.6% of total value traded

4 years ago
in Banking & Finance, Business, Editor's pick, highlights, Home, home-news, latest News, Markets
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StanChart leads trading with shares accounting for 30.6% of total value traded

Market capitalization of the Ghana Stock Exchange (GSE) increased by Ghs 0.53 million to close trading at Ghs 63.42 billion.

The increase in capitalisation is due to price appreciation in Standard Chartered Bank’s preference shares which gained Ghs 0.03 to close at Ghs 0.90 representing a YTD growth of 3.45% on Thursday.

The Bank’s preference shares recorded the most trades as it accounted for 30.6% of the total value traded.

Total trade volume and value recorded at the end of Thursday’s trading session declined significantly compared to Wednesday’s trade turnover as 25,277 shares valued at Ghs 36,236.46 traded among eight (8) equities.

Meanwhile, the local bourse closed trading on Thursday with no points gained.

Read This: One of PIL’s largest vessels calls Ghana

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The  benchmark GSE Composite Index (GSE-CI) closed at 2,799.69 representing a YTD return of 44.20%. The GSE Financial Stock Index (GSE-FSI) also remained flat with no gains to close at 1,959.18 translating into a YTD return of 9.90%.

 Details of the Daily Equity Market report of SIC Brokerage:

Daily Equity Market Report_09.09.2021 by Fuaad Dodoo on Scribd

Source: norvanreports
Tags: Bank of Ghana (BoG)Covid-19COVID-19 pandemicghanaGhana Stock Exchange (GSE)GSE market capitalisation gains Ghs 0.53 millionGSE-CIGSE-FSINigeriaStandard Chartered Bank preference shares
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