The Ghana Stock Exchange (GSE) was adrift on the first day of the week, as one major stock posted gains and another two also posted losses at the end of a mixed session, while the market continued to witness bargain hunting for value stocks from investors.
Strong demand in the stocks of Cal Bank Ghana, was not enough to buoy the performance of the listed equities as GSE all-share index further inched down.
Similarly, losses in Access Bank and Benso Oil Palm Plantation reduced the performance of the local bourse.
In the aggregate, nine GSE equities participated in trading, ending with only one gainer, namely CAL Bank, with 2.5% share price appreciation. However, the two losers on the day were Access Bank Ghana (-9.47%) and Benso Oil Palm Plantation (-7.26%).
CAL closed its trading day (Monday, February 7, 2022) at GHS0.82 per share on the Ghana Stock Exchange (GSE), recording a 2.5% gain over its previous closing price of GHS0.80. CAL began the year with a share price of 0.87 GHS but has since lost 5.75% off that price valuation, ranking it sixth on the GSE in terms of year-to-date performance.
Losers
Access Bank closed its trading day (Monday, February 7, 2022) at GHS2.58 per share on the Ghana Stock Exchange (GSE), recording a 9.5% drop from its previous closing price of GHS2.85. Access began the year with a share price of GHS3.15 but has since lost 18.1% off that price valuation, ranking it ninth on the GSE in terms of year-to-date performance.
Access Bank Ghana (ACCESS) is the 19th most traded stock on the Ghana Stock Exchange over the past three months (Nov 4, 2021 – Feb 7, 2022). ACCESS has traded a total volume of 29,949 shares valued at GHS 93,470 over the period, with an average of 475 traded shares per session. A volume high of 11,232 was achieved on 20th December for the same period.
Another loser on the day was Benso Oil Palm Plantation (BOPP). BOPP closed its trading day (Monday, February 7, 2022) at GHS6.00 per share on the Ghana Stock Exchange (GSE), recording a 7.3% drop from its previous closing price of GHS6.47. Benso Oil Palm Plantation began the year with a share price of GHS6.65 but has since lost 9.77% off that price valuation, ranking it eighth on the GSE in terms of year-to-date performance.
Benso Oil Palm Plantation is the 13th most traded stock on the Ghana Stock Exchange over the past three months (Nov 4, 2021 – Feb 7, 2022). BOPP has traded a total volume of 82,360 shares valued at GHS 535,872 over the period, with an average of 1,307 traded shares per session. A volume high of 20,027 was achieved on 17th November for the same period.
Trading Activity
At the end of the first weekday of trading on the Ghana Stock Exchange (GSE), a total of 3,604,296 shares, corresponding to a market value of GHS 4,008,406.20, were traded.
MTN Ghana recorded the highest volume of 3.53 million traded shares, followed by CAL Bank (48,230), Unilever Ghana (17,086) and Benso Oil Palm Plantation (6,742).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) pared 4.85 (-0.18%) points to close at 2,723.91 points, representing a 1-week loss of 1.55%, a 4-week gain of 1.06%, and an overall year-to-date loss of 2.35%.
The GSE Financial Stocks Index (GSE-FSI) also decreased by 0.28% to 2,121.93 points, making it a 1-week loss of 0.47%, a 4-week loss of 1.39%, and a year-to-date loss of 1.39%.
The current market capitalization of the Ghana Stock Exchange stands at GHS 63.2 billion.
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