Guinness Ghana investors lose 46.75% on the GSE

The current Ghana Stock Exchange (GSE) market capitalization was also down by -0.06% to seal the day at GHS 53.09 billion

The Ghana Stock Exchange (GSE) closed red at the back of Guinness Ghana Breweries (GGBL) shedding 10% (10 pesewas) of its opening share quote of GHC 1.00 to close as at GHS 0.90 per share.

The equity has 307.59 million shares worth GHC 276.84million, it has since lost -35.71% in six months and 46.75% of its value from year open, it began the year at GHC 1.69.

By end of Wednesday’s trading session, GGBL as the sole loser out of the 11 listed equities that participated in trading on the floor of the exchange, recorded the highest volume of shares as 759,729 shares changed hands at GHC 683,550.00.

MTN Ghana followed with 9,500 shares trading at GHC 0.61 per share. Societe General, Total Petroleum Ghana and Cal Bank were part of the top traded equities in terms of volume and traded 4,400, 800 and 648 shares each.

Hence, there was a total of 776,877 shares trading at a sales value of GHS 696,279.15, comparing this to Tuesday, total turnover was down by 89%.

The current GSE market capitalization was also down by -0.06% to seal the day at GHS 53.09 billion.

The broader market index (GSE-CI) went down by 2.94 points (-0.16%) to end the day’s trading session at 1,819.28 points. It still records a week-to-date gain of 0.65% and a year-to-date return of -19.4%.

The Financial Stock Index (GSE-FI) on the other hand maintained its opening level at 1,623.89 points and a year-to-date decline of 19.6%

Bertha Atubiga, Stock Market Analyst

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