Despite the struggles of the Ghana Stock Exchange in the beginning of the year, the market capitalization for the first month of this year, January 2022, has surpassed what was recorded last year same period.
Total market capitalization of the Ghana Stock Exchange (GSE) at the end of January this year rose to GHC64.5 million. This represented an increase of 16.56 per cent of the GHC55.3 million recorded in the same period last year.
The summary of market report for January 2022 issued by the GSE indicated that the market has witnessed a decline in the number of transactions this year compared to last year.
The report noted that the market recorded 1,489 transactions in January last year, which is 75.59 per cent more than the 848 transactions recorded in the same period this year.
“The month of January closed with 34.58 million shares valued at GHC38.28 million changing hands. The figures recorded represent a 64.98 per cent and 45.09 per cent decrease in volume and value traded respectively over the same period last year”.
GSE Report
The volume traded in the same period, stood at 98.6 million and 69.8 million for January 2022 and 2021 respectively.
Interestingly, the GSE Composite Index rose to 2,766.80 points at the end of January this year from 2,027.12 points recorded last year, representing an increase of 36.49 per cent.
However, the performance of the GSE for January this year started on bearish note as the bourse recorded a drop in return.
The market closed the month with a return of -0.81 per cent, compared with the 4.41 per cent recorded in the same period last year.
GSE Market Traded Mix in Last Trading Session
The GSE recorded a mix result on Tuesday’s trading session. In the aggregate, 10 GSE equities participated in trading, ending with only one gainer, namely Guinness Ghana Breweries, with 0.95 per cent share price appreciation and also one loser, namely MTN Ghana (-2.78%).
Guinness Ghana Breweries (GGBL) closed its trading day (Tuesday, February 15, 2022) at GHC2.12 per share on the Ghana Stock Exchange (GSE), recording a GHC0.02 gain over its previous closing price of GHC2.10.
At the end of Tuesday’s trading session on the Ghana Stock Exchange (GSE), a total of 1,013,640 shares, corresponding to a market value of GHS 2,137,160.56, were traded. Compared with the previous GSE trading day (Monday, February 14), Tuesday’s data showed 66 percent improvement in volume and 302 percent improvement in turnover.
Guinness Ghana Breweries recorded the highest volume of 1 million traded shares, followed by MTN Ghana (9,962), Ghana Oil Company (1,000) and SIC Insurance Company (980).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) declined 34.64 (-1.27%) points to close at 2,695.73 points, representing a week on week loss of 1.23 percent, a month on month loss of 2.53 percent, and an overall year-to-date loss of 3.36 percent.
The GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,117.65 points, also making it a week on week loss of 0.2 percent, a month on month loss of 1.67 percent, and a year-to-date loss of 1.59 percent.
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