Stock market maintains bearish trend as Access, BOPP decline in share price
This week begun with the stock market trending downwards as it had been for the most of last week.
On Monday, the benchmark GSE Composite Index (GSE-CI) dropped 4.85 points to close at 2,723.91 points representing a YTD return of -2.35%.
The fall in the benchmark index was the result of a decline in the share prices of Access Bank and Benso Oil Palm Plantation (BOPP).
BOPP and Access Bank both lost on the day to close at GH¢6.00 and GH¢2.58 respectively.
The GSE Financial Stock Index (GSE-FSI) also lost 5.98 points on the day to close at 2,121.93 points, representing a YTD return of -1.39%.
The decline in the GSE-FSI index was moderated by a gain in the share price of CAL Bank.
CAL Bank was the only gainer as the stock recorded a GH¢ 0.02 gain to close at GH¢0.82.
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | YTD Change |
| CAL | 0.82 | 0.80 | 2.50% | -5.57% |
| BOPP | 6.00 | 6.47 | -7.26% | -9.77% |
| ACCESS | 2.58 | 2.85 | -9.47% | -18.10% |
Market capitalization of the GSE thus reduced by GH¢50.79 million to close at GH¢63.67 billion representing a YTD decline of -1.29%.
A total of 3.6 million shares valued at GH¢4.0 million changed hands in nine (9) equities with MTNGH recording the most trades as it accounted for 95.04% and 97.87% of the total value and total volume traded respectively.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 3,527,420 | 3,809,613.90 |
| CAL | 48,230 | 39,548.60 |
| UNIL | 17,086 | 100,636.54 |
| BOPP | 6,742 | 40,452.00 |
| TOTAL | 2,685 | 13,478.70 |
Peruse equity report below:
Daily Equity Market Report_07.02.2022 by Fuaad Dodoo on Scribd
