Tuesday was a day of healthy gains on the Ghana stock market, reminiscent of the sessions of high growth in the last week.
Meanwhile, the rebound on the day was led by TotalEnergies Marketing Ghana (TOTAL). Out of the 13 GSE listed equities that participated in trading, the session ended with only one gainer, namely TotalEnergies Marketing Ghana, with 0.31 percent share price appreciation.
TOTAL closed its trading day (Tuesday, March 21, 2023) at GHS6.38 per share on the Ghana Stock Exchange (GSE), recording a 2 pesewa gain over its previous closing price of GHS6.36.
However, TotalEnergies began the year with a share price of GHS4.00 and has since gained 59.5% on that price valuation, ranking it first on the GSE in terms of year-to-date performance. Shareholders can be optimistic about TOTAL knowing the stock has accrued 40% over the past four-week period alone—second best on GSE.
TotalEnergies Marketing Ghana is also the eighth most traded stock on the Ghana Stock Exchange over the past three months (Dec 16, 2022 – Mar 21, 2023). TOTAL has traded a total volume of 354,688 shares valued at GHS 1.55 million over the period, with an average of 5,630 traded shares per session. A volume high of 229,575 was achieved on December 23 for the same period.
Benchmark Indices Rebound
The gain by TotalEnergies Marketing Ghana translated into a gain by benchmark indices. The benchmark GSE Composite Index (GSE-CI) inched up 0.22 (0.01%) points to close at 2,710.96 points representing a 1-week gain of 4.03%, a 4-week gain of 12.28%, and an overall year-to-date gain of 10.93%.
However, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 1,855.33 points, making it a 1-week loss of 1.57%, a 4-week loss of 6.46%, and a year-to-date loss of 9.61%.
At the end of Tuesday’s trading session on the Ghana Stock Exchange, a total of 345,075 shares, corresponding to a market value of GHS 471,730.95, were traded. Compared with the previous GSE trading day (Monday, March 20), Tuesday’s data showed 103% improvement in volume and 101% improvement in turnover.
MTN Ghana recorded the highest volume of 311,574 traded shares, followed by CAL Bank (10,900), TotalEnergies Marketing Ghana (8,872) and Unilever Ghana (6,031).
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