Cal Bank PLC is currently on a second consecutive gaining streak and as a result, the Ghana Stock Exchange (GSE) continues to rise in key performance indicators.

In the aggregate, 17 GSE listed equities participated in trading, ending with two gainers and no losers. The two gainers were CAL Bank (+5.88%) and Standard Chartered Bank (+1.04%).

CAL closed its trading day (Thursday, June 15, 2023) at GHS0.54 per share on the local bourse, recording 3 pesewas gain over its previous closing price of GHS0.51. CAL began the year with a share price of GHS0.65 but has since lost 16.9% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 8% increase of CAL share price for the past days.

Due to recent remarkable performances, Cal bank’s position has improved. The bank is now the sixth most traded stock on the Ghana Stock Exchange over the past three months (Mar 15 – Jun 15, 2023). CAL has traded a total volume of 578,647 shares valued at GHS 290,608 over the period, with an average of 9,185 traded shares per session.

The second gainer on the day was Standard Chartered Bank (Ghana) Limited (SCB). SCB also closed its trading day at GHS12.63 per share on the Accra bourse, recording a 1% gain over its previous closing price of GHS12.50.

Standard Chartered began the year with a share price of GHS20.16 but has since lost 37.4% off that price valuation, ranking it 36th on the GSE in terms of year-to-date performance.

Standard Chartered Bank is the 17th most traded stock on the Ghana Stock Exchange over the past three months (Mar 15 – Jun 15, 2023). SCB has traded a total volume of 43,788 shares valued at GHS 583,148 over the period, with an average of 695 traded shares per session.

Benchmark Index

As a result of the gains recorded by the two giants, the benchmark GSE-Composite Index of the Ghana Stock Exchange increased by 3.48 points to close at 2,642.90 points, representing an 8.14% YTD return, while the GSE Financial Stocks Index also rose by 6.30 points to close at 1,684.87 points, representing a YTD return of -17.91%. Market Capitalization saw a marginal rise, closing at GH¢67.29 billion.

At the end of the session, a total of 36,203 shares, corresponding to a market value of GHS 117,869.92, were traded across seventeen (17) equities. Compared with the previous GSE trading day (Wednesday, June 14), the data showed 40% decline in volume but 127% improvement in turnover.

CAL Bank Plc. (CAL) topped both the volume and value chart trading 22,435 shares valued at GH¢12,040.55 and representing 10.22% of the total value traded. This was followed by Standard Chartered Bank Gh. PLC (SCB) trading 5,000 shares, valued at GH¢63,100.00, representing 53.53% of the total value traded.