After a day’s respite, the Ghana Stock Exchange (GSE) indices returned to its downward trajectory on Tuesday 14th February, 2023 after initial rise on Monday.
The trading session ended in the mix after price growth in some blue chips and high turnover volume characterized Tuesday’s trading session, with an increasing number of market participants who are gradually pricing their favorite stocks believing that they will enjoy in the coming weeks and months.
In total, nine GSE listed equities participated in trading, ending with two gainers and just one loser. The two gainers were Unilever Ghana (+9.71%) and TotalEnergies Marketing Ghana (+0.24%). The only equity that lost value on the day was Guinness Ghana Breweries (-9.68%).
Unilever Ghana Limited (UNIL), the largest producer and retailer of consumer goods in Ghana, was the biggest gainer on the day. UNIL closed its trading day (Tuesday, February 14, 2023) at GHS2.26 per share on the Accra bourse, recording a GHS0.20 gain over its previous closing price of GHS2.06. Unilever began the year with a share price of GHS3.88 but has since lost 41.8% off that price valuation, ranking it 38th on the GSE in terms of year-to-date performance. However, Unilever is not out of the woods yet, having lost 35% of its stock’s value from January 17 to date.
Unilever Ghana is the 11th most traded stock on the Ghana Stock Exchange over the past three months (Nov 11, 2022 – Feb 14, 2023). UNIL has traded a total volume of 158,092 shares valued at GHS 357,502 over the period, with an average of 2,509 traded shares per session. A volume high of 68,086 was achieved on February 6 for the same period.
Unilever Ghana Limited is currently the 22nd most valuable stock on the GSE with a market capitalization of GHS 141 million, which makes about 0.22% of the Ghana Stock Exchange equity market.
The second price gainer was TotalEnergies Marketing Ghana Plc (TOTAL). This latest gain means that TOTAL successfully completed the first two days of the week with gains.
TOTAL closed its trading day (Tuesday, February 14, 2023) at GHS4.16 per share on the Ghana Stock Exchange (GSE), recording a pesewa gain over its previous closing price of GHS4.15. TotalEnergies began the year with a share price of GHS4.00 and has since gained 4% on that price valuation, ranking it third on the GSE in terms of year-to-date performance.
TotalEnergies Marketing Ghana is currently the 16th most valuable stock on the GSE with a market capitalization of GHS 465 million, which makes about 0.724% of the Ghana Stock Exchange equity market.
The Biggest Loser
However, the biggest laggard on the day was Guinness Ghana Breweries Limited (GGBL). GGBL closed its trading day at GHS1.68 per share on the GSE, recording a GHS0.18 drop from its previous closing price of GHS1.86. Guinness Ghana Breweries began the year with a share price of GHS2.05 but has since lost 18.1% off that price valuation, ranking it 35th on the GSE in terms of year-to-date performance.
Guinness Ghana Breweries is the second most traded stock on the Ghana Stock Exchange over the past three months (Nov 11, 2022 – Feb 14, 2023). GGBL has traded a total volume of 2.15 million shares valued at GHS 3.84 million over the period, with an average of 34,059 traded shares per session. A volume high of 1 million was achieved on February 10 and 14, 2023 for the same period.
Guinness Ghana Breweries Limited is currently the 15th most valuable stock on the GSE with a market capitalization of GHS 517 million, which is about 0.804% of the Ghana Stock Exchange equity market.
At the end of Tuesday’s trading session on the Ghana Stock Exchange, a total of 1,088,671 shares, corresponding to a market value of GHS 1,842,605.82, were traded. Guinness Ghana Breweries recorded the highest volume of 1 million traded shares, followed by Unilever Ghana (64,234), Ecobank Transnational (13,816) and MTN Ghana (4,734).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) pared 4.00 (-0.17%) points to close at 2,410.20, representing a 1-week gain of 0.2%, a 4-week loss of 1.17%, and an overall year-to-date loss of 1.38%.
The GSE Financial Stocks Index (GSE-FSI) maintained its value at 1,983.82 points, making it a 1-week loss of 1.1%, a 4-week loss of 3.09%, and a year-to-date loss of 3.35%.
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