• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 30, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Blue Chip Stocks Trade Flat as Activity Dips on the Second Weekday

October 20, 2021
Stephen M.CbyStephen M.C
in Securities/Markets
0
Blue Chip Stocks Traded Flat as Activity Dips to begin the Week

After a prior gain on Tuesday, October 18, blue chip stocks traded flat as activity declines a modest amount on the Ghana Stock Exchange (GSE) to start the second day of the week after close of session on October 19, 2021.

According to market report, six GSE equities participated in trading. However, all the major blue chip stocks that participated in Tuesday’s market session, closed the trading session without a gain or a loss. This means that the stock prices of these equities neither increased nor decreased.

Additionally, trading activity declined considerably as a result of lacklustre performance of these stocks. At the end of the second weekday of trading on the Ghana Stock Exchange (GSE), a total of 358,399 shares changed hands, corresponding to a market value of GHc 427,769.50.

RelatedPosts

Benchmark Index Drops Below 2,500 Points

Elon Musk’s Tesla to Come to Ghana As Atlantic Lithium Plans Ghana Stock Market Listing

MTN Ghana to Distribute GHS 0.124 Dividend Per Share for Shareholders

Comparatively, this is a decline on the previous trading session. Tuesday’s data show 31% decline in volume and 81% decline in turnover. A total of 469,502.69 shares was traded on Monday’s trading session.

Market Performance

However, despite the decline in stock market performance, the banking sector and Information and Communications Technology (ICT) stocks led the market with MTN Ghana again recording the highest volume of shares traded.

The stocks initially ticked higher on the results, before giving back those gains and dipping into the red during extended trading. It later entered the flat line and ended the session on the flat line.

MTN Ghana closed the session as a leader with the highest volume of 345,734 traded shares. This was followed by Societe Generale Ghana with 6,875 traded shares. CAL Bank and Ecobank Transnational followed in that order with 5,000 shares and 640 shares traded respectively.

Market Indices

Nonetheless, regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) did not see any change, closing at the same mark as it opened at 2,848.01 points. Meanwhile, this represents a 1-week loss of 0.24 percent and a 4-week gain of 1.54 percent. Moreover, It also represented an overall year-to-date gain of 46.68 per cent.

Similarly, the GSE Financial Stocks Index (GSE-FSI) which constitutes only listed stocks from the financial sector including banking and insurance sector stocks, also maintained its value at 2,070.00 points, making it a 1-week gain of 0.37 percent and a 4-week gain of 3.77 percent, and a year-to-date gain of 16.11 percent.

Furthermore, the market capitalization which captures the total market value of all outstanding shares, hence determining the worth of various companies listed on the local bourse, also remained at GH¢64.1 billion.

Meanwhile, some strategists see the market heading into a volatile period in which there could be a deeper pullback.

However, analysts predict that there is going to be a rebound in stock market activity as the week ticks away, coupled with an improvement in investor confidence.

While it may seem like the stock market is going nowhere, it may be quietly winding itself up for a big climb.

READ ALSO: Savings and Investments are Drivers of Growth in any Economy- SEC Director-General

Tags: Blue chip stocksGhana Stock ExchangeMTN Ghana

Related Posts

Bears Return to GSE As Profit-taking Drags Capitalization Down
Securities/Markets

Benchmark Index Drops Below 2,500 Points

May 30, 2023
Elon Musk’s Tesla to Come to Ghana As Atlantic Lithium Plans Ghana Stock Market Listing
Securities/Markets

Elon Musk’s Tesla to Come to Ghana As Atlantic Lithium Plans Ghana Stock Market Listing

May 29, 2023
MTN Ghana Share Price Plummets by 1.6%
Securities/Markets

MTN Ghana to Distribute GHS 0.124 Dividend Per Share for Shareholders

May 27, 2023
Negligible Losses for Local Benchmark Spurred By Loss in Access Bank Ghana
Securities/Markets

Fan Milk Unsuccessfully Tries to Save the Day As GSE-Composite Index Heads for Three Consecutive Defeats

May 27, 2023
GSE Fourth Time Lucky As Losing Streak Finally Ends
Securities/Markets

GSE Ends Mid-week Session in the Mix Zone Amidst Expanded Activity

May 27, 2023
SIC Insurance PLC Leads Bourse to More Slides
Securities/Markets

Investors Continue to Tread Cautiously As the Government Sets to Disburse the IMF Loan

May 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Ghana Police Arrests Shatta Wale over Fake Gunshot Attack

Next Post

Kosmos Energy to raise $400 million from Senior Notes Offering

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Biden To Host UK Prime Minister For Discussions
USA

Biden To Host UK Prime Minister For Discussions

by Comfort AmpomaaMay 30, 2023
TotalEnergies Secures a 20-Year License Renewal for Nigerian Block
Extractives/Energy

TotalEnergies Secures a 20-Year License Renewal for Nigerian Block

by Stephen M.CMay 30, 2023
World Bank Describes African Economies Debt Outlook As 'Cloudy'
Finance

World Bank Describes African Economies Debt Outlook As ‘Cloudy’

by Gifty BansahMay 30, 2023
UK Government Covering Up For Boris Johnson In Covid-19 Probe
UK

UK Government Covering Up For Boris Johnson In Covid-19 Probe

by Sampson AnnorMay 30, 2023
Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC
General News

Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC

by Samuel Y. OtibuMay 30, 2023
Ghana’s Political Culture is Generally Conflictual- Dr Amakye-Boateng
General News

NPP Will Not Be Able To Break The 8- Political Scientist

by Angeller AshongMay 30, 2023
Biden To Host UK Prime Minister For Discussions
TotalEnergies Secures a 20-Year License Renewal for Nigerian Block
World Bank Describes African Economies Debt Outlook As 'Cloudy'
UK Government Covering Up For Boris Johnson In Covid-19 Probe
Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC
Ghana’s Political Culture is Generally Conflictual- Dr Amakye-Boateng
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In