• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, January 28, 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

Ghana Stock Exchange Market Capitalization Loses GH¢748 million in 2022

January 4, 2023
Stephen M.CbyStephen M.C
in Securities/Markets
0
Local Bourse Continues to Head South

The Ghana Stock Exchange capped a challenging year, 2022 with negative results which impacted its market capitalization and in the process, the local bourse lost GH¢748 million in capitalization.

The GSE market capitalization stood at GH¢64.49 billion in December 31, 2021, but it ended 2022 at GH¢63.74 billion.

Market cap measures how much a company is worth as determined by the stock market, hence the total market value of all outstanding shares. Analysts also hold that market cap shows the size of a company and remains a basic determinant of various characteristics in which investors are interested, including risk.

RelatedPosts

Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana

GSE Fourth Time Lucky As Losing Streak Finally Ends

Ghana Stock Index Remains on Losing Course

The capital market suffered in 2022 from the difficult economic environment. According to experts, the decline in the key performance indicators of the local bourse can be attributed to the weak economic fundamentals that the country found itself in the year under review, 2022.

The weak performance of the Ghana cedi to the dollar as well as inflation impacted negatively on the Ghana Stock Exchange.

Meanwhile, in the cedi term, the local bourse ended the year with -12.37 percent return for investors. However, it recorded -27.4 percent return for investors in dollar term at the end of December 2022.

The 2022 performance was far behind the 2021 achievement where the Ghana Stock Exchange was the second-best-performing stock market in Africa by gaining 27.55 percentage gain.

The Financial Index Ends in Red

The financial stock index which is a subset of the benchmark index of the stock market and helps investors compare current stock price levels with past prices to calculate market performance, also ended the year in the negative territory.

For the Financial Stock Index, the market returned -4.61 percent for investors, ending the year with 2,052.59 points. The financial sector stocks includes banking stocks and insurance.

In all, 15 stocks lost value in 2022, compared with eight gainers. The biggest loser was Unilever Ghana which lost 34.13 percent in stock value.

Unilever Ghana ended the year at GHS3.88 per share on the Ghana Stock Exchange. Unilever Ghana has traded a total volume of 4,437 shares valued at GHS 18,999 over the period, with an average of 70 traded shares per session. A volume high of 1,090 was achieved on December 13, 2022.

The other losers were Produce Buying Company (PBC) with -33.33 percent which ended the year at 2 pesewas share price. Cal Bank PLC was another stock that suffered one of the biggest declines as it ended the year with -25.29 percent share price depreciation. Fanmilk followed with -25 percent share price depreciation and ended the year at GH¢3, while GCB also suffered -24.81 percent lost in its share price value, ending the year with GH¢3.94.

However, the biggest gainer in 2022 was SIC insurance PLC. The insurance company recorded a massive 287.50 percent share price appreciation, ending the year with a stock price of 31 pesewas per share.

Other gainers were Trust Bank Gambia (135.29%), Access (27.30%) and BOPP (7.65%).

However, the new year 2023 started with an improvement on the previous performance. At the end of the first trading session of the new year on the Ghana Stock Exchange, a total of 74,538 shares, corresponding to a market value of GHS 2,021,675.84, were traded. Compared with the previous GSE trading day (Friday, December 30), the results showed 251 percent improvement in turnover.

In the aggregate, 16 GSE listed equities participated in trading, ending with only one gainer, namely NewGold ETF, with 2.85% share price appreciation. MTN Ghana recorded the highest volume of 38,280 traded shares, followed by CAL Bank (19,422), NewGold ETF (8,805) and Ecobank Transnational (3,650).

READ ALSO: U.S Embassy In Cuba Reopens Visa And Consular Services

Tags: Ecobank GhanaGhana Stock ExchangeMarket CapitalizationNewGold ETFPBCSIC Insurance Plc

Related Posts

Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana
Securities/Markets

Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana

January 28, 2023
GSE Fourth Time Lucky As Losing Streak Finally Ends
Securities/Markets

GSE Fourth Time Lucky As Losing Streak Finally Ends

January 27, 2023
Ghana Stock Index Remains on Losing Course
Securities/Markets

Ghana Stock Index Remains on Losing Course

January 26, 2023
A Bloody Day for Ghana Stock Exchange As Bears Resurfaced
Securities/Markets

A Bloody Day for Ghana Stock Exchange As Bears Resurfaced

January 25, 2023
GSE Gives Listed banks Up to April to File 2022 Audited Financial Statement
Securities/Markets

GSE Gives Listed Banks Up to April to File 2022 Audited Financial Statement

January 24, 2023
GSE Records Less than 1% in the 3rd Week of the Month
Securities/Markets

GSE Records Less than 1% in the 3rd Week of the Month

January 25, 2023

Leave a Reply Cancel reply

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

Previous Post

Alleged Corruption at Northern Development Authority: OSP To Announce Outcome Of Investigation Soon

Next Post

Government To Raise Gh¢1.49bn In T-bills This Week

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.
Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR
Business

Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR

by Priscilla Dziedzorm FiakpornuJanuary 28, 2023
Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana
Securities/Markets

Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana

by Stephen M.CJanuary 28, 2023
Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today
General News

African leaders Beyond The Age of 80 Have No Business Clinging To Power – Mahama

by Emmanuel SarpongJanuary 28, 2023
Mali Defends Ties With Russia
Africa

Mali Defends Ties With Russia

by Comfort AmpomaaJanuary 28, 2023
Vanguard Awards Night Of Glamour, Glitz, And Excitement
Entertainment

Vanguard Awards Night Of Glamour, Glitz, And Excitement

by Esther Korantemaa OffeiJanuary 28, 2023
Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho
General News

Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho

by Samuel Yeboah OtibuJanuary 28, 2023
Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR
Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana
Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today
Mali Defends Ties With Russia
Vanguard Awards Night Of Glamour, Glitz, And Excitement
Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho
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