Stock market loses GHS 716m in market value; posts -10.51 YTD returns for traders
Market capitalisation of the Ghana Stock Exchange (GSE) declined by GHS 716.65m to close the trading week (last week) at GHS 61.53bn.
The decline in the market capitalisation of the stock market was on the back of some 70.97 points lost in the benchmark indices GSE-CI and GSE-FSI over the week.
Market activity for the week decreased by 55.50 points to close at 2,496.24 translating into a YTD return of -10.51%. The GSE Financial Stock Index (GSE-FSI) also lost 15.47 points to close the week at 2,171.56 translating into a YTD return of 0.92%.
Trading activities on the local bourse this past week, saw 22 equities traded ending with one (1) gainer and and three (3) decliners.
SIC is the sole gainer as it gained GH¢0.01 to close at GH¢0.31. The 3 decliners are ETI, MTNGH and GCB as they lost GH¢0.01, GH¢0.04 and GH¢0.06 to close at GH¢0.17, GH¢0.86 and GH¢5.00 respectively.
GAINER
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| SIC | 0.31 | 0.30 | 0.01 | 287.50% |
| ETI | 0.17 | 0.18 | -0.01 | 21.43% |
| MTNGH | 0.86 | 0.90 | -0.04 | -22.52% |
| GCB | 5.00 | 5.06 | -0.06 | -4.58% |
Of the four equities mentioned, SIC as at the end of last week posted a YTD gain of 287.50% in stock price.
ETI, MTN and GCB recorded 21.43%, 22.52% and 4.58% YTD loss in stock prices respectively.
Overall, the GSE posted a YTD loss of 10.51% in prices of equities listed on the bourse.
Top traded equities for last week
Meanwhile, a total of 29.71 million shares valued at GH¢25.81 million traded during the week. Compared with the previous trading week, this week’s data shows a 1122.52% improvement in volume traded and 1086.52% improvement in trade turnover.
Scancom PLC. (MTNGH) recorded lion’s share of trades as it recorded the most volumes and accounted for 98.16%of the total value traded.
Aside MTNGH, other equities that recorded significant trading over the week include CAL, SIC, BOPP and GCB.
CAL, SIC, BOPP and GCB recorded total volume and value traded of 282,514 and GHS 226,011; 144,319 and GHS 44,355; 30,826 and GHS 184,956; and 19,946 and GHS 99,730 respectively.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 29,159,411 | 25,105,455.45 |
| CAL | 282,514 | 226,011.20 |
| SIC | 144,319 | 44,355.28 |
| BOPP | 30,826 | 184,956.00 |
| GCB | 19,946 | 99,730.00 |
Peruse details of equity report below:
