Value of fixed income market hits Ghs 161 billion at end-September
Total value of government short term debt instruments – 91, 182 and 364 days treasury bills – and bonds traded on the Fixed Income Market of the Ghana Stock Exchange (GSE) reached Ghs 161,161,532,485.79 at the end of September 2021.
The reported total value of the Fixed Income Market at end-September represents a positive percentage change of 111.33 percent on a year-on-year basis.
Total value of the market same period last year was Ghs 76,257,565,446.18.
In terms of volume traded, debt instruments traded on the market also posted a 107.45 percentage points increase from the period between January to September increasing from 74,735,752,576 to 155,045,312,018.
Meanwhile, at last week’s auction, a total of GH¢827.17 million was raised in 91-Day bills and GH¢166.22 million in 182-Day bills compared to GH¢591.76 million in 91-Day bills, GH¢119.01 million in 182-Day bills and GH¢97.30 million in 364-Day bills at the previous week’s auction.
91-Day bill yield rose by 0.001% to close at 12.47% while 182-Day bills fell by 0.025% to 13.15%.
The target for the next auction is GH¢969.00 million in 91-Day bills, 182-Day bills and 364-Day bills.
GSE-CI gains but GSE-FSI falls
At the close of last week, the benchmark GSE Composite Index (GSE-CI) improved as it gained 10.54 points to close at 2,867.71 translating into a YTD return of 47.75%.
The GSE Financial Stock Index (GSE-FSI) however decreased by 2.89 points over the week to close at 2,052.31translating into a YTD return of 15.12%,this is as a result of price loss made by Societe Generale PLC (SOGEGH) which lost 4.00% to close trading at GH¢1.20.
Five equities recorded gains in the week, pushing the market capitalization of GSE up by GH¢110.32 million to close trading at GH¢64.31 as FanMilk recorded a week’s gain of 43.91% to return an impressive 370.37% YTD.
A total of 2.06 million shares valued at GH¢3.91 million traded, representing a significant decrease of 85.34% and 78.65% respectively compared to the previous week.
Nineteen (19) stocks traded in the week as MTNGH accounted for 50.3% of the total value traded.
Read details of equity report by SIC Brokerage:
Weekly Capital Market Recap Week Ending 08.10.2021 by Fuaad Dodoo on Scribd
