• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, March 21, 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

Local Bourse Reacts to Days of Decline and Treasury Yield Cuts

March 15, 2023
Stephen M.CbyStephen M.C
in Securities/Markets
0
Local Bourse Reacts to Days of Decline and Treasury Yield Cuts

The reaction of Ghana Stock Exchange (GSE) to several days of decline, which had even put the benchmark’s grip on the 2,500-point mark at risk, finally arrived this week, with banks and other blue chips leading the recovery of prices at Ghana stock market.

The advance acceleration comes on the back of the announcement of Government of Ghana’s treasury yield cut last week. Meanwhile the main index added over 30 points to the previous day’s highs.

In all, 16 GSE listed equities participated in trading, ending with three gainers and no losers. Unilever Ghana led the gainers with 9.7% share price appreciation closing at GHS 3.28 per share, followed by Guinness Ghana Breweries (+9.49%) and MTN Ghana (+6.8%).

RelatedPosts

Busy GSE Week Ends With Elevated Composite Index and A Declined Financial Index

Blackrock Silver Closes $4.38 Million Brokered Private Placement

An Entertaining Day As Local Bourse Traded Mix

Unilever Ghana Limited which is the largest producer and retailer of consumer goods in Ghana closed its trading day (Tuesday, March 14, 2023) at GHS3.28 per share on the Ghana Stock Exchange, recording a GH0.29 gain over its previous closing price of GHS2.99.

Unilever began the year with a share price of GHS3.88 but has since lost 15.5% off that price valuation, ranking it 33rd on the GSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 59% increase of UNIL share price since February 13, which is best on GSE.

Unilever Ghana is the 10th most traded stock on the Ghana Stock Exchange over the past three months (Dec 9, 2022 – Mar 14, 2023). UNIL has traded a total volume of 190,934 shares valued at GHS 457,801 over the period, with an average of 3,031 traded shares per session. A volume high of 68,086 was achieved on February 6, 2023 for the same period.

Guinness Ghana Breweries Limited (GGBL), a Ghanaian brewery based at the Kaasi Industrial Area in Kumasi, was the second gainer on the day. GGBL closed its trading day at GHS1.50 per share on the Ghana Stock Exchange (GSE), recording 13 pesewas gain over its previous closing price of GHS1.37. Guinness Ghana Breweries began the year with a share price of GHS2.05 but has since lost 26.8% off that price valuation, ranking it 37th 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 (Dec 9, 2022 – Mar 14, 2023). GGBL has traded a total volume of 6.17 million shares valued at GHS 9.91 million over the period, with an average of 97,930 traded shares per session. A volume high of 2 million was achieved on February 23, 2023 for the same period.

Investors Respond to MTN Ghana Financial Statement

The final gainer was MTN Ghana. Investors responded to MTN’s impressive 2022 performance statement released on Monday by trading bullish. MTNGH closed its trading day at GHS1.10 per share on the Ghana Stock Exchange (GSE), recording a 7 pesewa gain over its previous closing price of GHS1.03.

However, MTN began the year with a share price of GHS0.88 and has since gained 25% on that price valuation, ranking it third on the GSE in terms of year-to-date performance.

MTN Ghana is the number one most traded stock on the Ghana Stock Exchange over the past three months (Dec 9, 2022 – Mar 14, 2023). MTNGH has traded a total volume of 29.1 million shares valued at GHS 26 million over the period, with an average of 462,565 traded shares per session. A volume high of 13.1 million was achieved on December 23, 2022 for the same period.

At the end of Tuesday’s trading session, a total of 2,117,073 shares, corresponding to a market value of GHS 3,215,060.95, were traded. Guinness Ghana Breweries recorded the highest volume of 2 million traded shares, followed by Ghana Oil Company (67,170), Unilever Ghana (26,640) and MTN Ghana (10,040).

The current market capitalization of the Ghana Stock Exchange is GHS 66.3 billion.

READ ALSO: Cedi At Risk Of Rapid Depreciation Without IMF Bailout – Joe Jackson

Related Posts

Stock Market Ends on a Flat Line Amid Decline in Activity
Securities/Markets

Busy GSE Week Ends With Elevated Composite Index and A Declined Financial Index

March 20, 2023
Blackrock Silver Closes $4.38 Million Brokered Private Placement
Securities/Markets

Blackrock Silver Closes $4.38 Million Brokered Private Placement

March 17, 2023
An Entertaining Day As Local Bourse Traded Mix
Securities/Markets

An Entertaining Day As Local Bourse Traded Mix

March 17, 2023
Ghana Stock Market Posts Swift Recovery After Independence Day Celebration
Securities/Markets

Investors Cash in As GSE Manages Another Massive Win

March 16, 2023
GSE MD Calls On Governor Addison To Assist Implement Measures To Sustain The Securities Industry
Securities/Markets

GSE MD Calls On Governor Addison To Assist Implement Measures To Sustain The Securities Industry

March 15, 2023
Foreigners Make a lot of Money on GSE, But Ghanaians Prefer Betting- Ekow Afedzie
Securities/Markets

GSE Composite Index to End 2023 at About 2,740 Points- Databank Research

March 14, 2023

Leave a Reply Cancel reply

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

Previous Post

Special Prosecutor In Alec Baldwin Rust Shooting Case Steps Down

Next Post

President Akufo-Addo Commissions Expanded GB Foods Factory In Tema

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.
Appiatse Support Fund Bags GHC62 Million As Goil Donates GHC200,000
General News

Appiatse Support Fund Bags GHC62 Million As Goil Donates GHC200,000

by Angeller AshongMarch 21, 2023
Kelhofer Criticizes Current And Past Governments In Ghana For Lack of Investments In Industrialization
Economics

Kelhofer Criticizes Current And Past Governments In Ghana For Lack of Investments In Industrialization

by Priscilla Dziedzorm FiakpornuMarch 20, 2023
2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch
Wheels

2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch

by Stephen M.CMarch 20, 2023
President Deliberately Misled Ghanaians– Johnson Asiedu Nketiah To Nana Addo
General News

President Deliberately Misled Ghanaians– Johnson Asiedu Nketiah To Nana Addo

by Sam SamMarch 20, 2023
Countries Urged To Support ICC’s Probe In Ukraine
UK

Countries Urged To Support ICC’s Probe In Ukraine

by Comfort AmpomaaMarch 20, 2023
Bank Crisis, Sticky Inflation To Spur Rate Hikes In Africa’s Biggest Economies
Africa

Bank Crisis, Sticky Inflation To Spur Rate Hikes In Africa’s Biggest Economies

by Gifty BansahMarch 20, 2023
Appiatse Support Fund Bags GHC62 Million As Goil Donates GHC200,000
Kelhofer Criticizes Current And Past Governments In Ghana For Lack of Investments In Industrialization
2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch
President Deliberately Misled Ghanaians– Johnson Asiedu Nketiah To Nana Addo
Countries Urged To Support ICC’s Probe In Ukraine
Bank Crisis, Sticky Inflation To Spur Rate Hikes In Africa’s Biggest Economies
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