Republic Bank Ghana Limited, issuers of the RBGH stock on the Ghana Stock Exchange (GSE), has suffered a painful outing on Tuesday, December 20, 2022, leaving both the benchmark index and financial index dazed in the red.
Out of the seven (7) major stocks that participated in trading, the day ended with only one loser namely Republic Bank Ghana, with 10% share price depreciation, no gainers, while six stocks traded flat with no gain or loss.
The current share price of Republic Bank Ghana Limited (RBGH) is GHS0.54. RBGH closed its trading day (Tuesday, December 20, 2022) recording a 6 pesewa drop from its previous closing price of GHS0.60.
However, Republic bank began the year with a share price of GHS0.60 but has since lost 10% off that price valuation, ranking it 28th on the GSE in terms of year-to-date performance.
This performance means that RBGH has lost 10 percent on weekly basis, lost another 10 percent on month-to-month basis, and a further 10 percent loss on year-to-date basis.
Republic Bank Ghana is the 21st most traded stock on the Ghana Stock Exchange over the past three months (Sep 22 – Dec 20, 2022). RBGH has traded a total volume of 11,844 shares valued at GHS 6,969 over the period, with an average of 188 traded shares per session. A volume high of 2,927 was achieved on October 26, for the same period.
A perusal of Ghana Stock Exchange (GSE) daily summary report indicated that at the end of trading session on the local bourse, a total of 5,194 shares, corresponding to a market value of GHS 4,301.10, were traded.
Republic Bank Ghana recorded the highest volume of 2,000 traded shares, which was followed by Societe Generale Ghana with 1,984 traded stocks. MTN Ghana also amassed 1,108 traded shares while Access Bank Ghana completed the list of top movers with 49 traded shares.
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) pared 4.89 (-0.2%) points to close at 2,444.54 points. Unfortunately, this led to a 1-week loss of 0.58 percent, a 4-week loss of 0.77 percent, and an overall year-to-date loss of 12.36 percent.
The GSE Financial Stocks Index (GSE-FSI) also decreased by 0.43 percent to settle at 2,053.05 points, making it a 1-week loss of 1.21 percent, a 4-week loss of 1.1 percent, and a year-to-date loss of 4.59 percent.
The market capitalization which is the market value of all outstanding shares of stock in the Accra bourse, currently stands at GHS 64.3 billion.