The battle between sellers and buyers during Friday’s bourse session on Ghana Stock Exchange (GSE) concluded in a stalemate, as no win for both the buyers and sellers.

Major stocks closed the market the same way they opened on the final trading session on Friday, April 1, 2022.

In the aggregate, 13 GSE listed equities participated in trading. Meanwhile, there were no gainers nor losers.

Stock Prices of Top Movers

MTN Ghana closed its trading day (Friday, April 1, 2022) the same way it opened at GHS1.06 per share on the Ghana Stock Exchange (GSE). MTN began the year with a share price of GHS1.11, but has since lost 4.5 per cent off that price valuation, ranking it 33rd on the GSE in terms of year-to-date performance.

Cal Bank also closed its trading day, same as it opened at 0.86 GHS per share on the Ghana Stock Exchange (GSE). CAL began the year with a share price of GHS0.87 but has since lost 1.15% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance.

Enterprise Group Limited (EGL), also closed its trading day (Friday, April 1, 2022) at GHS3.30 per share on the Ghana Stock Exchange (GSE). Enterprise began the year with a share price of GHS2.79 and has since gained 18.3 per cent on that price valuation, ranking it fifth on the GSE in terms of year-to-date performance.

Ecobank Ghana (EGH) completed the list of top movers. It besides closed its trading day (Friday, April 1, 2022) at GHS7.60 per share on the Ghana Stock Exchange (GSE). Ecobank Ghana is the 12th most traded stock on the Ghana Stock Exchange over the past three months (Dec 31, 2021 – Apr 1, 2022). EGH has traded a total volume of 382,534 shares valued at GHS 2.64 million over the period, with an average of 6,072 traded shares per session. A volume high of 182,304 was achieved on March 16 for the same period.

At the end of the final weekday of trading on the Ghana Stock Exchange (GSE), a total of 709,709 shares, corresponding to a market value of GHS 1,588,095.70, were traded. Compared with the previous GSE trading day (Thursday, March 31), Friday’s data showed 136 per cent improvement in volume and 366 per cent improvement in turnover.

MTN Ghana recorded the highest volume of 272,943 traded shares. This was followed by CAL Bank with 207,260 traded shares. Enterprise Group also secured 140,000 traded shares and Ecobank Ghana with 80,648 traded shares.

Meanwhile, the market capitalization of the Ghana Stock Exchange remains at GHS 64 billion.

Performance of Market Index

Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) did not see any change, closing at the same mark as it opened at 2,742.85 points, representing a 1-week gain of 0.03 per cent, a 4-week gain of 0.41 per cent, but an overall year-to-date loss of 1.67 per cent.

On the other hand, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,174.96 points, making it a 1-week gain of 0.07 per cent, a 4-week gain of 2.64 per cent, and a year-to-date gain of 1.07 per cent.

However, a section of the market expects correction to set in on the local bourse in this new week.