The Ghana Stock Exchange (GSE) which is the principal stock exchange of the country has been in the survival mode for some days now but its index has managed to stage a comeback by gaining more than 50 points by the end of midweek’s trading session.
The GSE-CI- a market capitalization weighted index comprising all listed ordinary shares with the exception of those of listed companies that have shares listed on other markets, soared 57.38 points to close at 2,411.40 points, representing a 2.44 percent increment on the previous trading session. Unfortunately, the gain was not enough to lift the index on week-on-week and month-on-month basis. Meanwhile, Wednesday’s performance led to a 1-week loss of 0.82 percent, a 4-week loss of 1.33 percent, and an overall year-to-date loss of 1.33 percent. The calculation of the index is based on the volume-weighted average closing price of the constituent stocks.
The GSE Financial Stocks Index (GSE-FSI) on the other hand maintained its value at 2,036.05 points, making it a 1-week loss of 0.33 percent, a 4-week loss of 0.81 percent, and a year-to-date loss of 0.81 percent.
Wednesday’s session saw 18 GSE listed equities participated in trading, ending with only one gainer, namely MTN Ghana, with 6.1 percent share price appreciation and also one loser, namely Unilever Ghana (-10%).
Scancom Plc, more commonly known as MTN Ghana (MTNGH), closed its trading day (Wednesday, February 1, 2023) at GHS0.87 per share on the Ghana Stock Exchange, recording a 5 pesewa gain over its previous closing price of GHS0.82.
However, MTN began the year with a share price of 0.88 GHS but has since lost 1.14% off that price valuation, ranking it 34th on the GSE in terms of year-to-date performance.
In the volume perspective, MTN Ghana is the number one most traded stock on the local equities market over the past three months (Oct 31, 2022 – Feb 1, 2023). MTNGH has traded a total volume of 29.6 million shares valued at GHS 26 million over the period, with an average of 469,170 traded shares per session. A volume high of 13.1 million was achieved on December 23, 2022 and a low of 100 on January 10, 2023 for the same period.
Unilever Ghana Limited Loses Yet Again
Unilever Ghana Limited (UNIL) extended its losing session to two after losing on the final day of January. UNIL closed its trading day at GHS2.25 per share on the Ghana Stock Exchange (GSE), recording 25 pesewas drop from its previous closing price of GHS2.50.
Unilever began the year with a share price of GHS3.88 but has since lost 42 percent off that price valuation, ranking it 38th on the GSE in terms of year-to-date performance.
Unilever Ghana is the 19th most traded stock on the Ghana Stock Exchange over the past three months (Oct 31, 2022 – Feb 1, 2023). UNIL has traded a total volume of 17,370 shares valued at GHS 55,163 over the period, with an average of 276 traded shares per session. A volume high of 3,004 was achieved on January 31, 2023 for the same period.
At the end of Wednesday’s trading session on the Ghana Stock Exchange (GSE), a total of 39,544 shares, corresponding to a market value of GHS 24,384.11, were traded. Compared with the previous GSE trading day (Tuesday, January 31), the market data showed 21% decline in volume and 61% decline in turnover.
MTN Ghana recorded the highest volume of 19,702 traded shares, followed by Ecobank Transnational (10,032), Clydestone Ghana (3,538) and Produce Buying Company (3,000).
The current market capitalization of the Ghana Stock Exchange is GHS 64.3 billion.
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