GSE market capitalization hits GHC53.58 billion

The GSE market capitalization has surged up by 0.23% on the previous value of GHC 53,458.73 to seal the day at GHC 53,581.63

Trading activity on the Ghana Stock Exchange (GSE) ended with four equities on the bourse partaking in trade and it ended with a sole gainer with non on the flip side of the market.

MTN Ghana added a pesewa (+1.64%) to investors’ capital to end the day with its share quote at GHS 0.61. It began the year at GHS 0.70 and has since lost 11.43% of its value from year open, however, in the last 3 months and six months, the equity has shored up by 5.08% each.

MTN Ghana also dominated trading activity as 13,168,500 shares were traded at GHC 8,164,469.

CAL Bank at GHC 0.69 traded 26,400 at GHC 18,216 and Republic Bank Ghana followed with 13,400 shares changing hands at GHC 0.41 per share. GCB Bank was the least traded equity with only 5 shares trading at GHC 3.86 on the odd-lot board.

This saw total volume at week open go up 154% and total value declined by 82% comparing it to Friday’s (11 December) trading activity. A total of 13,208,305 shares changed hands at a sales value of GHC 8, 188,198.30. The GSE market capitalization also surged up by 0.23% on the previous value of GHC 53,458.73 to seal the day at GHC 53,581.63.

The GSE Composite Index added 11.74 points (0.63%) to its opening level to close the day at 1,866.06. It records a week-to-date return of +2.52% and gone up by 2.43% in the last 4 weeks. The year-to-date decline closed the day at 17.33%.

The GSE Financial Stock Index on the other hand maintained its level at 1,678.22 points, though its performance in the last week represents a return of +3.24%, it registers a year-to-date return of -16.91%. This current level is as a result of no financial equities recording price changes on the GSE by close of Monday’s trading session.

Bertha Atubiga, Market Analyst

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