The Ghana Stock Exchange (GSE) closed flat on Wednesday, September 7, 2022 with key performance indicators remaining unchanged, making it two (2) consecutive days of trading flat.
The local securities market closed the midweek session with no single price gainer or price loser as prices of stocks on the platform remained unchanged. The stalemate witnessed on Wednesday came as trading data showed a significant reduction in the volume and value at the bourse.
The activity chart witnessed some movements on Wednesday, with the trading volume and value both declining. Investors traded a total of 256,510 units of shares in contrast to 1,300,973 units of total number of shares transacted at the preceding session, indicating a fall of 80 per cent.
The value of shares exchanged by the market participants also depreciated considerably, from the GHS 1,174,256.55 published at the bourse on the Tuesday session to settle at GHS 1,181,934.29.
The Deals Remain the Same
However, the total number of deals executed remained the same. In all, sixteen (16) deals were performed at the exchange same as the 16 deals printed at the preceding session. Some of the stocks that participated in the trading are: MTN Ghana, Total Petroleum Ghana, Unilever Ghana, SIC Insurance Company, Republic Bank Ghana, Standard Chartered Bank, Produce Buying Company, among others.
Enterprise Group ended the day as the most traded security by both volume and value with 208,977 traded shares. It was followed by Standard Chartered Bank with 23,382 traded shares, while Cal Bank and MTN Ghana secured 9,371 and 7,667 traded shares respectively.
The top movers at the end of Wednesday’s trading day were Ecobank Ghana which opened and closed its trading session at a share price of GHS3.30. Standard Chartered Bank Limited (SCB) also closed at GHS20.30- same price it opened. Moreover, Cal Bank opened and closed at GHS0.76, while MTN Ghana also closed at GHS0.91. Produce Buying Company in similar way, opened and closed at GHS0.02 with SIC Insurance Company rounding up at GHS0.31.
The Performance of Indices
Just like the two preceding sessions, the benchmark GSE Composite Index (GSE-CI) did not see any change, closing at the same mark as it opened at 2,508.99 points. This represented a month-on-month month gain of 1.35 percent, but an overall year-to-date loss of 10.05 percent .
In similar vein, the GSE Financial Stocks Index (GSE-FSI) also maintained its value at 2,079.94 points, making it a month-to-month loss of 0.05 percent, and a year-to-date loss of 3.34 percent.
The market capitalisation of the Ghana Stock Exchange retained the previous value of GHS 64.5 billion.