Benso Oil Palm Plantation (BOPP) share price has appreciated by 3.69 percent as the Ghana Stock Exchange (GSE) performance also improved by 179 percent at the end of last trading session on Thursday, July 8, 2021.
According to Thursday’s market report, Benso Oil Palm Plantation was the only gainer out of the eleven (11) listed equities on the local bourse.
The BOPP stock closed its last trading day (Thursday, July 8, 2021) at GHc2.25 per share on the Ghana Stock Exchange, recording a 3.69% gain over its previous closing price of GHc2.17. Thus, making a gain of GHc0.08.
However, BOPP began the year with a share price of 2.00 GHS and has since gained 12.5% on that price valuation, ranking it 9th on the GSE in terms of year-to-date performance.
Meanwhile, Shareholders will be pleasantly optimistic about BOPP knowing that the stock has accrued 9.22% over the past four-week period alone.
On the flip side, the gains by Benso Oil Palm Plantation together with strong showing by some of the major stocks listed on the Accra bourse resulted in an improvement on the GSE previous performance.
At the end of Thursday’s trading session on the Ghana Stock Exchange (GSE), a total of 1,042,761 shares, corresponding to a market value of GHc 4,504,362.29, were traded. Compared with the previous GSE trading day (Wednesday, July 7), Thursday’s trading activity recorded a massive improvement on the previous.
However, by the close of market trading activity on Wednesday, a total of 374,177 shares corresponding to GHc45,193.58, were traded.
However, GCB Bank recorded the highest volume of 784,222 traded shares despite not making any gain. The financial giants were followed by CAL Bank which traded 200,661 shares to close the day. Benso Oil Palm Plantation on the other hand, traded 27,000 volume of shares while the telecommunication giants, MTN Ghana also traded 11,416 shares to close the market.
Market Performance
In addition, regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) inched up 0.27 points, representing a 0.01 percentage points gain to close at 2,651.18 points.
However, this represents a 1-week loss of 0.04 percent, a 4-week loss of 2.26 percent. Furthermore, it has made an overall year-to-date gain of 36.55 percent.
Meanwhile, the GSE Financial Stocks Index (GSE-FSI) which constitutes stocks from the financial sector including banking and insurance, maintained its value at 1,888.15 points, making it a 1-week gain of 0.07 percent, a 4-week loss of 0.44 percent, and a year-to-date gain of 5.91 percent.
In addition, the market capitalization which captures the total value of all outstanding shares on the local bourse, currently stands at GHc 61.54 billion.
Analysts and experts said that the surge in performance is a positive news to investors as they expect prices to further pick up this week as investors take advantage of bargain stocks.
In the interim, Standard Chartered Bank (SCB) which is also listed on the GSE, announced the payment of a final dividend of GH¢1.74 per share to shareholders for the 2020 financial year.
This means all shareholders registered in the books of the bank at the close of business on Friday, July 23, 2021 will qualify for the final dividend.
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