The Ghana Stock Exchange recorded a mixed performance in mid-week’s trading day leading to the Ghana Stock Exchange Composite to emerge victorious while the GSI financial index faltered.
In the aggregate, 16 GSE listed equities participated in trading, ending with only one gainer, namely MTN Ghana, with 0.76% share price appreciation. The two losers on the day were TotalEnergies Marketing Ghana (-10%) and Access Bank Ghana (-2.63%).
MTNGH closed its trading day (Wednesday, July 5, 2023) at GHS1.33 per share on the Ghana Stock Exchange (GSE), recording a pesewa gain over its previous closing price of 1.32 GHS. MTN began the year with a share price of GHS0.88 and has since gained 51.1% on that price valuation, ranking it fourth on the GSE in terms of year-to-date performance. Shareholders can be optimistic about MTNGH knowing the stock has accrued 21% over the past four-week period alone—best on GSE.
MTN Ghana is the number one most traded stock on the Ghana Stock Exchange over the past three months (Apr 3 – Jul 5, 2023). MTNGH has traded a total volume of 23.6 million shares valued at GHS 28.5 million over the period, with an average of 375,356 traded shares per session.
The Two Laggards
TOTAL closed its last trading day (Wednesday, July 5, 2023) at GHS6.12 per share on the Ghana Stock Exchange (GSE), recording GHS0.2/ drop from its previous closing price of GHS6.80. TotalEnergies began the year with a share price of GHS4.00 and has since gained 53% on that price valuation, ranking it third on the GSE in terms of year-to-date performance. Investors should, however, take caution of TOTAL’s recent bad performance, having lost 5% of its value in the past four weeks.
TotalEnergies Marketing Ghana is the 13th most traded stock on the Ghana Stock Exchange over the past three months (Apr 3 – Jul 5, 2023). TOTAL has traded a total volume of 93,992 shares valued at GHS 605,291 over the period, with an average of 1,492 traded shares per session.
Access Bank Ghana (ACCESS) also closed its trading day at GHS3.70 per share on the Ghana Stock Exchange (GSE), recording a 10 pesewa drop from its previous closing price of GHS3.80. Access began the year with a share price of GHS4.01 but has since lost 7.73% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance.
Access Bank Ghana is the 18th most traded stock on the Ghana Stock Exchange over the past three months (Apr 3 – Jul 5, 2023). ACCESS has traded a total volume of 33,011 shares valued at GHS 128,365 over the period, with an average of 524 traded shares per session.
The benchmark index (GSE-Composite Index) of the Ghana Stock Exchange saw a marginal improvement of 3.58 points to close at 2,821.82 points, representing a 15.46% YTD return.
On the other hand, the GSE Financial Stocks Index declined 3.02 points to close at 1,691.35 points, representing a YTD return of 17.60%.
At the end of the trading session on the Ghana Stock Exchange, a total of 83,122 shares, corresponding to a market value of GHS 110,151.67, were traded. Compared with the previous GSE trading day (Tuesday, July 4), Wednesday’s data showed 83% decline in volume and 78% decline in turnover. Meanwhile, Market Capitalization closed at GH¢70.39 billion on the day.
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