MTN Ghana (MTNGH) came off its lows and rallied back to erase most of the losses suffered last week.
MTN Ghana dominated last trading session as it led the gainers’ chart share price.
MTNGH closed its last trading day (Tuesday, September 28, 2021) at GHS1.23 per share on the Ghana Stock Exchange (GSE), recording a 7.9 percent gain over its previous closing price of GHS1.14. Meanwhile, MTN began the year with a share price of GHS0.64 and has since gained 92.2 percent on that price valuation, ranking it third on the Ghana Stocks Exchange in terms of year-to-date performance.
MTN Ghana is the number one most traded stock on the Ghana Stock Exchange over the past three months (Jun 29 – Sep 28, 2021). MTNGH has traded a total volume of 57.3 million shares valued at GHS 70 million over the period, with an average of 908,985 traded shares per session. A volume high of 8.29 million was achieved on September 27th, and a low of 1,330 on September 17th, for the same period.
The gains made by MTN Ghana on last trading day, September 29,2021 will make it’s investors optimistic given the losses suffered last week. MTN Ghana lost more than 9% of its share value on Thursday, September 23.
In the aggregate, 11 GSE equities participated in yesterday’s trading, ending with three gainers and no losers. MTN Ghana led the gainers with 7.9 percent share price appreciation. This was followed by Ghana Oil Company (GOIL) with 6.25 percent share price appreciation. NewGold ETF also gained 5.34 percent on it’s share value.
NewGold ETF closed its last trading day (Tuesday, September 28, 2021) at 102.50 GHS per share on the Ghana Stock Exchange, recording a 5.3 percent gain over its previous closing price of GHS97.30. NewGold ETF began the year with a share price of GHS105.50 but has since lost 2.84% off that price valuation, ranking it 32nd on the GSE in terms of year-to-date performance.
Shareholders’ fears may be allayed by the 5% increase of NewGold share price since August 30th, which is 10th best on GSE.
At the end of last trading session on the Ghana Stock Exchange, a total of 363,858 shares, corresponding to a market value of GHS 499,340.10, were traded.
MTN Ghana recorded the highest volume of 272,015 traded shares, followed by Ghana Oil Company (57,292), Societe Generale Ghana (19,511) and Guinness Ghana Breweries (10,370).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) soared 109.43 points to close at 2,812.76 points, representing 4.05 percent. This led to a 1-week gain of 0.29 percent and a 4-week gain of 2.31 percent, and an overall year-to-date gain of 44.87 percent.
On the other hand, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,008.97 points, making it a 1-week gain of 0.71 percent, a 4-week gain of 4.14 percent, and a year-to-date gain of 12.69 percent.
The current market capitalization of the Ghana Stock Exchange stands at GHS 63.7 billion.
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