The equities activities of the Ghana Stock Exchange (GSE) reopened for the week on Thursday August 05 on an upward trend as market capaitalisation also increased after a public holiday on Wednesday July 05, which saw Ghana celebrate its Founders Day.

The nation’s bourse on Thursday, extended positive sentiment with its market capitalisation appreciating by GHc100 million in a day.

Specifically, the market capitalisation, which opened at GHc62.4 billion, inched up 1.6 per cent to close at GHc 6.5 billion. Consequently, the Year-to-Date gains expanded by +790.81 points representing 40.73 per cent.

Meanwhile, analysis of the price movement chart indicated that majority of investors were typically bullish in the last trading session as major blue stocks closed the market with gains.

In the aggregate, five GSE equities participated in last trading session. The market closed positively with 3 gainers with no loser, which means that the other stocks traded flat.

Conversely, Unilever Ghana topped the gainers’ chart with 9.92% share price appreciation closing at GHc 2.66 per share. Interestingly, Unilever started the year with a share price of GHc8.29 but has since lost 67.9 percent off that price valuation. Unilever ranked 37th on the GSE in terms of year-to-date performance.

However, shareholders’ worries are compounded by the fact that Unilever has lost 11% of the stock’s value from July 6th to date. Therefore, the gain will be a welcoming news to its prospective investors.

Moreover, Enterprise Group Limited (EGL) followed Unilever closely on the gainers’ list with 8.33 per cent share price appreciation. EGL closed its last trading day (Thursday, August 5, 2021) at GHc1.95 per share on the Ghana Stock Exchange (GSE), recording an GHc0.15 gain over its previous closing price of GHc1.80.

Additionally, Total Petroleum Ghana which led the oil and gas sector counter, ended the list with share price appreciation of 0.25 per cent. TOTAL Ghana closed its last trading session at GHc 4.01 per share on the Ghana Stock Exchange (GSE), recording a 0.25% gain over its previous closing price of GHc4.00

All in all, at the end of Thursday’s trading session on the Ghana Stock Exchange (GSE), a total of 3,384,733 shares, corresponding to a market value of GHc 4,361,644.95, were traded. Compared with the previous GSE trading day (Tuesday, August 3), Thursday’s data shows 885% improvement in turnover.

Unsurprisingly, MTN Ghana again led the charge in total volume traded.. It recorded the highest volume of 3.28 million traded shares which accounted for more than 90 per cent of the total volume traded. The closest was Enterprise Group Limited. It followed with 100,000 shares traded. Total Petroleum Ghana also also secured 8,255 traded shares and Unilever Ghana with 1,000 shares traded.

However, the gains reflected on the indices as the benchmark GSE Composite Index (GSE-CI) inched up 3.99 (0.15%) points to close at 2,732.40, representing a 1-week gain of 0.74% and a 4-week gain of 3.07%.

The GSE Financial Stocks Index (GSE-FSI) also increased by 0.24% to reach 1,894.60 points, making it a 1-week gain of 0.24% and a 4-week gain of 0.34%.

Meanwhile, following the recent trend in the market, analysts maintain a bullish outlook on the market as the week comes to an end.