The Ghana stock market continued to edge forward on Friday, thanks to the NewGold ETF and Access Bank’s impressive gaining streak that extended into the end of the week.
A sequence unseen in the last couple of weeks, the bank and the mining sector were the clear stars of the second half of the week but this time, the trading volume left a lot to be desired.
In total, 12 GSE listed equities participated in trading which ended with two gainers and no losers. The two gainers were NewGold ETF (+1.32%) and Access Bank Ghana (+0.79%).
NewGold ETF (GLD) closed its trading day (Friday, July 29, 2022) at GHS150.76 per share on the Ghana Stock Exchange GSE, recording a GHS1.96 gain over its previous closing price of GHS148.80.
The exploits of GLD on the local bourse this week boosted its performance, ranking it third on the GSE in terms of year-to-date performance.
NewGold ETF is the 12th most traded stock on the Ghana Stock Exchange over the past three months (Apr 29 – Jul 29, 2022). GLD has traded a total volume of 86,369 shares valued at GHS 12.4 million over the period, with an average of 1,371 traded shares per session. A volume high of 30,000 was achieved on July 14th for the same period.
Access Bank PLC also closed its trading day at GHS2.55 per share on the domestic market, recording a 2 pesewas gain over its previous closing price of GHS2.53.
In the volume front, Access Bank Ghana is the 16th most traded stock on the Ghana Stock Exchange over the past three months (Apr 29 – Jul 29, 2022). The bank has traded a total volume of 55,854 shares valued at GHS 141,262 over the period, with an average of 887 traded shares per session. A volume high of 50,000 was achieved on July 28th for the same period.
GSE Market Indices
Regarding the performance of GSE market indices, the gains reflected in the indices as the benchmark GSE Composite Index (GSE-CI) inched up 0.30 (0.01%) points to close at 2,518.86 points. Similarly, the GSE Financial Stocks Index (GSE-FSI) also increased by 0.03 percent to reach 2,103.58 points.
However, the market activities plummeted by the close of the trading session. At the end of the final weekday of trading on the Ghana Stock Exchange, a total of 38,212 shares, corresponding to a market value of GHS 2,895,237.18, were traded. Compared with the previous GSE trading day (Thursday, July 28), Friday’s data showed 60 percent decline in volume.
NewGold ETF recorded the highest volume of 18,989 traded shares. This was followed by MTN Ghana with 4,466 traded shares. Cocoa Processing Company and CAL Bank also recorded 3,400 and 3,080 volume of traded shares respectively.
The current market capitalization of the Ghana Stock Exchange remained at GHS 64.4 billion.
