A summary of market performance on the Ghana Stock Exchange by close of trading activities on Monday August 23, 2021, reveals Unilever Ghana, one of the major stocks listed on the local bourse dominated the market by topping the gainers’ chart again.
In the aggregate, seven GSE equities participated in trading, ending with two gainers and no losers. The two gainers were Unilever Ghana (+9.83%) and CAL Bank (+2.86%). However, the other major stocks listed on the local bourse traded flat as there was no change in both the opening and closing price of the various stocks at the end of the last trading session.
UNIL closed its last trading day (Monday, August 23, 2021) at GHc5.14 per share on the Ghana Stock Exchange (GSE), recording a 9.8 per cent gain over its previous closing price of GHc4.68 that was recorded on Friday, August 20.
However, Unilever Ghana began the year with a share price of GHc8.29 but has since lost 38% off that price valuation, ranking it 37th on the GSE in terms of year-to-date performance.
Meanwhile, the recent surge in Unilever Ghana’s activity may have allayed fears of its investors due to the 157 percent increase in UNIL share price since July 23, 2021 which is so far the best on Ghana Stock Exchange.
Moreover, Unilever Ghana is the fifth most traded stock on the Ghana Stock Exchange over the past three months (May 25 – Aug 23, 2021). UNIL has traded a total volume of 1.98 million shares valued at GHc 5.16 million over the period, with an average of 31,455 traded shares per session. A volume high of 1.07 million was achieved on July 19th for the same period.
Furthermore, Intravenous Infusion Limited has appeared into the scene after a long wait and surprisingly led the charge of the total volume of shares traded. As the most traded equity for the day, Intravenous Infusion’s stocks traded accounted for more than 40 percent of the total shares traded and more than 30 percent of the total value traded.
Intravenous Infusions recorded the highest volume of 100,000 traded shares. This was followed by CAL Bank with 50,000 total traded shares to lead the banking sector counter. However, the telecommunication giant MTN Ghana lost its grip on the top position after a week long at the top of the chart. MTN Ghana closed last trading session with a total of 34,176 shares traded. Unilever Ghana also followed in that order with 12,860 volume of shares traded.
Meanwhile, on the whole, at the end of the first weekday of trading on the Ghana Stock Exchange (GSE), a total of 202,711 shares, corresponding to a market value of GHc 183,004.93, were traded. Compared with the previous GSE trading day (Friday, August 20), Monday’s data show 48 per cent decline in turnover.
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) reacted to the gains made by Unilever and Cal Bank Ghana. The GSE-CI inched up 3.95 points representing 0.14% to close at 2,758.87 points. This also represents a 1-week gain of 0.46%, a further 4-week gain of 4.07%, and an overall year-to-date gain of 42.09%.
In similar vein, the GSE Financial Stocks Index (GSE-FSI) also increased by 0.11% to reach 1,912.09 points, making it a 1-week gain of 0.11%, a 4-week gain of 1.14%, and a year-to-date gain of 7.25%.
Additionally, the market cap maintained its value. The current market capitalization of the Ghana Stock Exchange stood at GHc 62.8 billion.
However, analysts expect volatility in the GSE to persist throughout the week.
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