Steady Trading in GSE’s Insurance, Food, and Banking Sectors
Trading activity on the Ghana Stock Exchange (GSE) last week reflected a mix of subdued performance in some sectors and noteworthy activity in others, with market sentiment remaining steady.
Insurance Equities: Low Activity Amid Stability
Enterprise Group PLC recorded limited trading volume, with just 50 shares changing hands at a total value of GHS 99. The company’s share price held steady at GHS 1.98, supporting a market capitalization of GHS 338.37 million.
Similarly, SIC Insurance Company PLC experienced low trading, with eight shares traded for GHS 2.16. Its share price remained unchanged at GHS 0.27, sustaining a market capitalization of GHS 52.82 million.
Food and Beverage Equities: Inactive but Resilient
The food and beverage sector saw no trading activity, leaving valuations untouched.
- Benso Palm Plantation (BOPP) closed at GHS 25.26, with a market capitalization of GHS 879.05 million.
- Guinness Ghana Breweries PLC (GGBL) also reported no trades, maintaining its share price at GHS 5.50 and a market capitalization of GHS 1.69 billion.
Banking Equities: CAL Bank Leads Activity
The banking sector was highlighted by CAL Bank’s strong trading volume, with 225,429 shares exchanged at a total value of GHS 85,671. The share price remained stable at GHS 0.38, and the bank’s market capitalization stood at GHS 411 million.
Societe Generale Ghana (SOGEGH) also recorded some activity, with 2,074 shares traded for GHS 3,111, keeping its share price steady at GHS 1.50 and its market capitalization at GHS 1.06 billion.
Market Context
The GSE’s broader stability underscores a market environment where investors appear cautious yet confident. While some sectors reflect a wait-and-see attitude, CAL Bank’s performance hints at selective investor interest, especially in equities with strong fundamentals and attractive valuations.
Meanwhile, the Ghana Stock Exchange saw its market capitalization increase to GHS 114.4 billion, up from GHS 113.6 billion, indicating strengthened investor confidence.
The GSE Composite Index (GSE-CI) rose 3.85%, closing at 5,076 points. Meanwhile, the GSE Financial Stock Index (GSE-FSI) remained the same at 2,413 points, bringing its year-to-date return to 1.39%.
Total trading volume surged to 7,542,480 and trade turnover amounted to GHS 76,316,422
The top five traded equities for last week included CAL Bank with traded equities and value being 225,429 and GHS 85,671.
GOIL, MTNGH, Societe Generale, and DASPHARMA followed suit in second, third, fourth, and fifth places with traded equities and value of 13,000 and GHS 20,670; 5,318 and GHS 14,092; 2,074 and GHS 3,111; 1,695 and GHS 644 respectively.
