The Ghana Stock Exchange (GSE) has granted extension to E.S.L.A. PLC and Daakye Trust PLC to submit their audited financial statements for the year ended December 31, 2022, by April 30, 2023.
The GSE has also granted an extension to Samba Food Limited to submit its audited financial statement for the year ended December 31, 2022, by April 30, 2023.
The GSE explained that E.S.L.A. and Daakye Trust indicated that due to the various extensions to the final settlement of the government’s Domestic Debt Exchange Programme, the companies were unable to schedule with their external auditors to commence and complete their audit to enable them to submit their audited financial statements. “It is for this reason that the date for the submission of their audited financial statements has been extended,” GSE said in the statement.
Also, the exchange pointed out that Samba indicated that its Board of Directors were yet to review the report for approval before the auditors complete and sign off on the audit process. It is against this background that the date for filing the 2022 audited financial statements has been extended.
The GSE has this year granted several extensions to listed companies because of the challenges the economy went through in 2022.
Performance of GSE
Meanwhile, the GSE recorded mixed results on the first day of the week, Monday March 3, 2023.
Out of the 14 GSE listed equities which participated in trading, the session ended with two gainers and just one loser. The two gainers were Benso Oil Palm Plantation (+9.94%) and MTN Ghana (+0.8%). The only equity that lost value on the day was NewGold ETF (-2.9%).
At the end of the first weekday of trading on the Ghana Stock Exchange, a total of 67,842 shares, corresponding to a market value of GHS 168,907.91, were traded. Compared with the previous GSE trading day (Friday, March 31), Monday’s data showed 90 percent decline in turnover.
Ecobank Transnational recorded the highest volume of 51,265 traded shares, followed by Benso Oil Palm Plantation (8,050), MTN Ghana (2,776) and Access Bank Ghana (2,070).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) moved up 15.65 (0.57%) points to close at 2,760.98, representing a 1-week loss of 1.5%, a 4-week gain of 15.68%, and an overall year-to-date gain of 12.97%.
The GSE Financial Stocks Index (GSE-FSI) maintained its value at 1,806.67 points, making it a 1-week loss of 0.23%, a 4-week loss of 4.2%, and a year-to-date loss of 11.98%.
