The domestic bourse got the weekend off to an early start on Thursday with some mild sell-off pressure that caused one equity to lose, but without any major concerns to major indices.
On the penultimate day to mark this year’s Easter, health care sector stocks underperformed, while turnover showed more resilience than expected, with many more blue chips showing no directional bias.
In total, 15 Ghana Stock Exchange (GSE) listed equities participated in trading, unfortunately ending with one loser, namely Intravenous Infusions Limited (IIL), with 20 per cent share price depreciation.
IIL closed its trading day (Thursday, April 14, 2022) at GHS0.04 per share on the Ghana Stock Exchange (GSE), recording a 1 pesewa drop from its previous closing price of GHS0.05. Intravenous Infusions began the year with a share price of GHS0.05 but has since lost 20 per cent off that price valuation, ranking it 34th on the GSE in terms of year-to-date performance.
Intravenous Infusions Limited is the ninth most traded stock on the Ghana Stock Exchange over the past three months (Jan 17 – Apr 14, 2022). IIL has traded a total volume of 657,105 shares valued at GHS 26,285 over the period, with an average of 10,430 traded shares per session. A volume high of 604,555 was achieved on April 11 for the same period.
Total Trade by Volume and Value
At the end of Thursday’s trading session on the Ghana Stock Exchange (GSE), a total of 220,963 shares, corresponding to a market value of GHS 195,139.55, changed hands. Compared with the previous GSE trading day (Wednesday, April 13), Thursday’s data showed 159 per cent improvement in volume and 695 per cent improvement in turnover.
The financial sector counter dominated the list of top movers by the close of the trading session with Cal Bank topping the list. CAL Bank recorded the highest volume of 105,154 traded shares. This was followed by SIC Insurance Company (31,908), Ecobank Transnational Incorporated (ETI) with 30,000 traded shares, while Intravenous Infusions limited secured 12,500 traded shares.
The GSE market indices, the benchmark GSE Composite Index (GSE-CI) did not see any change, closing at the same mark as it opened at 2,697.35 points, representing a 1-week gain of 0.16 per cent, a 4-week loss of 1.5 per cent, and an overall year-to-date loss of 3.3 per cent.
Similarly, the GSE Financial Stocks Index (GSE-FSI) also maintained its value at 2,220.89 points, making it a 1-week gain of 0.36 per cent, a 4-week gain of 2.49 per cent, and a year-to-date gain of 3.21 per cent.
The market capitalization of the Ghana Stock Exchange maintained its value at GHS 64 billion.
The Ghana stock market will remain closed on Friday and Monday, in line with most African bourses that will not open because of their Easter holidays.