The Ghana Stock Exchange (GSE) trading session on the final day of the week was a game of two halves, as they say in soccer, with early gains giving way to moderate losses after the announcement of new inflation figures by the Ghana Statistical Service.
Albeit, the Ghana Stock Market avoided any major losses, with traders resorting to some damage limitation for the day to contain the drop for most blue chips.
In total, 10 major stocks took part in trading. Out of this, one (1) reported gains, another one (1) sustained losses and eight (8) remained unchanged. NewGold ETF was the only gainer with 1.81 percent share price appreciation and the only loser, namely GCB Bank with -1.25 percentage share price depreciation.
NewGold ETF closed its trading day (Friday, October 14, 2022) at GHS191.60 per share on the Ghana Stock market, recording a GHS3.4 gain over its previous closing price of GHS188.20. NewGold ETF, meanwhile, began the year with a share price of GHS108.60 and has since gained 76.4% on that price valuation, ranking it second on the GSE in terms of year-to-date performance.
NewGold ETF is the eighth most traded stock on the Ghana Stock Exchange over the past three months (Jul 18 – Oct 14, 2022). GLD has traded a total volume of 780,965 shares valued at GHS 137 million over the period, with an average of 12,396 traded shares per session. A volume high of 207,578 was achieved on August 17, for the same period.
GCB Bank PLC Stock Decline
On the other hand, GCB also closed its trading day at GHS3.95 per share on the Ghana Stock Exchange (GSE), recording a 5 pesewas drop from its previous closing price of GHS4.00.
GCB began the year with a share price of GHS5.24 but has since lost 24.6% off that price valuation, ranking it 36th on the GSE in terms of year-to-date performance. It is also worth noting that GCB Bank is the fifth most traded stock on the Ghana Stock Exchange over the past three months (Jul 18 – Oct 14, 2022).
GCB has traded a total volume of 1.97 million shares valued at GHS 8.15 million over the period, with an average of 31,241 traded shares per session. A volume high of 825,013 was achieved on September 5th for the same period.
NewGold ETF recorded the highest volume of 10,292 traded shares, followed by GCB Bank (5,251), MTN Ghana (2,727) and Clydestone Ghana (2,300).
At the end of the final weekday of trading on the local bourse, a total of 23,708 shares, corresponding to a market value of GHS 2,005,432.11, were traded. Compared with the previous GSE trading day (Thursday, October 13), Thursday’s data showed 76 percent decline.
The GSE General Index closed at 2,460.44 points, shedding 1.27 points (-0.05%) from previous trading points of 2461.71 points. On the week on week basis, the GSE Index contracted by 0.04 percent.
Similarly, the GSE Financial Stocks Index (GSE-FSI) also declined by 0.11 percent to settle at 2,068.16 points, making it a 1-week loss of 0.08 percent, a 4-week loss of 0.32 percent, and a year-to-date loss of 3.89 percent.
Meanwhile, the market capitalization of the Ghana Stock Exchange currently stands at GHS 64.5 billion.
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