The Ghana Stock Exchange experienced a mixed day on the penultimate trading day of the week, pushing the benchmark index northward.
The benchmark GSE-Composite Index displayed resilience with a notable gain of 12.04 points, closing at 2,712.95 points. This resilience translates into a commendable year-to-date return of 11.01%.
In similar fashion, advanced marginally by 0.48 points and closing at 1,694.77 points, leaving it with a disappointing year-to-date return of -17.43%, though the GSE Financial Stocks Index struggled to gain momentum.
In the aggregate, 19 GSE listed equities participated in trading, ending with two gainers and two losers. The two gainers were CAL Bank (+1.69%) and MTN Ghana (+0.81%). The two losers on the day were Access Bank Ghana (-0.5%) and NewGold ETF (-0.18%).
CAL Bank PLC (CAL) and Scancom PLC. (MTNGH) emerged as the standout performers among individual equities, both making noteworthy gains. CAL Bank witnessed a gain of GH¢0.01, closing the trading session at GH¢0.60.
However, CAL began the year with a share price of GHS0.65 but has since lost 7.69% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 20% increase of CAL share price since May 25, which is second best on GSE.
This was followed by Scancom PLC (MTN Ghana). MTNGH closed its trading day at GHS1.24 per share on the Ghana Stock Exchange (GSE), recording a pesewa gain over its previous closing price of GHS1.23. MTN also began the year with a share price of GHS0.88 and has since gained 40.9% on that price valuation, ranking it fourth on the GSE in terms of year-to-date performance.
Losers At The End of Trading Session
On the flip side, Access Bank Ghana PLC. (ACCESS) and NewGold (GLD) struggled to maintain their footing, with both experiencing losses. Access Bank Ghana PLC. Saw a decline of GH¢0.02, settling at GH¢3.98.
Access began the year with a share price of 4.01 GHS but has since lost 0.75% off that price valuation, ranking it 29th on the GSE in terms of year-to-date performance.
Access Bank Ghana is the 22nd most traded stock on the Ghana Stock Exchange over the past three months (Mar 22 – Jun 22, 2023). ACCESS has traded a total volume of 16,371 shares valued at GHS 65,367 over the period, with an average of 260 traded shares per session.
NewGold registered a significant loss of GH¢0.40, ending the session at GH¢221.20. NewGold ETF began the year with a share price of GHS217.80 and has since gained 1.56% on that price valuation, ranking it seventh 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 (Mar 22 – Jun 22, 2023). GLD has traded a total volume of 353,726 shares valued at GHS 69.9 million over the period, with an average of 5,615 traded shares per session. A volume high of 306,976 was achieved on
Market participants witnessed a total market capitalization of GH¢68.02 billion by the close of the day, signifying the overall value of listed companies on the Ghana Stock Exchange.
Trading activity remained moderate, with a total volume of shares traded reaching 86,170, amounting to a value of GH¢3,803,215.84.
Within the trading volume, CAL Bank PLC. (CAL) dominated the charts, trading 30,100 shares valued at GH¢18,059.00, representing 0.47% of the total value traded. Notably, NewGold (GLD) accounted for the lion’s share of the trading value, as 16,890 shares changed hands at a value of GH¢3,736,068.00, accounting for an impressive 98.23% of the total value traded.
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