The Ghana Stock Exchange (GSE) saw an uptick in the final week of the month of April, ending April 30, 2023.
According to the GSE weekly report, both the GSE-Composite Index and the GSE-Financial Stocks Index recorded gains in last week. The GSE-Composite index advanced by 0.21 percent, bringing its year-to-date performance to 12.18 percent.
Similarly, the financial Index also rose by 0.11 percent, although its year-to-date performance remained negative at -14.34 percent. Market capitalization also saw an increase of GH¢61.21 million from the previous week, reaching GH¢68.28 billion.
The trading week saw a total of 25 equities being traded, with gains being recorded by UNIL and GCB of GH¢0.40 and GH¢0.05 respectively.
GCB began the year with a share price of GHS3.94 but has since lost 18.8% off that price valuation, ranking it 32nd on the GSE in terms of year-to-date performance.
GCB Bank is the third most traded stock on the Ghana Stock Exchange over the past three months. GCB has traded a total volume of 1.74 million shares valued at GHS 5.67 million over the period, with an average of 27,647 traded shares per session. A volume high of 1.01 million was achieved on March 22 for the same period.
Unilever also began the year with a share price of GHS3.88 and has since gained 23.7% on that price valuation, ranking it fourth on the GSE in terms of year-to-date performance.
Unilever Ghana is the eighth most traded stock on the Ghana Stock Exchange over the past three months. UNIL has traded a total volume of 238,777 shares valued at GHS 670,148 over the period, with an average of 3,790 traded shares per session.
SIC Loses in Final Week
SIC, on the other hand, suffered a loss of GH¢0.01 for the second consecutive week, closing the week at GH¢0.25.
SIC began the year with a share price of GHS0.31 but has since lost 19.4% off that price valuation, ranking it 33rd on the GSE in terms of year-to-date performance.
SIC Insurance Company is the fifth most traded stock on the Ghana Stock Exchange over the past three months. SIC has traded a total volume of 471,879 shares valued at GHS 141,059 over the period, with an average of 7,490 traded shares per session.
The total number of shares traded during the week was 917,967, cumulating to a value of GH¢1,114,391.05. This represents a 77.39% increase in volume and a 10.51% increase in value traded over the week. Of these shares, MTNGH accounted for the most traded volumes, valued at GH¢708,046.92, which represents 63.54% of the week’s traded value.
Despite the overall increase in market capitalization, some equities are still experiencing negative returns, such as the GSE-Financial Stocks Index. It remains to be seen whether this will change in the coming weeks or whether the Index will continue to lag behind the GSE-Composite Index.
Nonetheless, the recent gains seen on the GSE offer a glimmer of hope for investors and may signal a positive trend in the coming weeks.
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