After closing flat with a week-on-week loss of 1.87 per cent in the previous trading session, there was an upbeat on the Ghana Stock Exchange ( GSE) with lots of positives for traders and investors, who, in their profit taking activities, gained over GHS3 million from equities trading.
The profit taking moment was buoyed by gains recorded in some of the tickers within the telecommunication sector stocks and mining sector stocks.
Overall, seven GSE listed equities participated in trading, ending with two gainers and no losers. The two gainers were MTN Ghana (+1.16%) and NewGold ETF (+0.35%).
MTN Ghana, for the first time in a long time, ended its trading session in green. It closed its trading day at GHS0.87 per share on the local bourse, recording a 1 pesewa gain over its previous closing price of GHS0.86.
Similarly, NewGold ETF also closed its trading day (Thursday, June 23, 2022) at GHS145.00 per share on the Ghana Stock Exchange, recording GHS0.50 gain over its previous closing price of 144.50 GHS. However, NewGold ETF began the year with a share price of GHS108.60 and has since gained 33.5 percent on that price valuation, ranking it second on the GSE in terms of year-to-date performance.
Benchmark Composite Index
The bulls again, ruled on the GSE’s benchmark Composite Index, which closed the day with a positive movement. The benchmark GSE Composite Index (GSE-CI) climbed 11.74 (0.47%) points to close at 2,507.31 points, and in the process, marginally improved its month-on-month performance. However, that wasn’t enough to prevent it making a loss as it recorded 1.87 percent loss. Moreover, this led to an overall year-to-date loss of 10.11 percent.
On the other hand, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,170.33 points, making it a week on week loss of 0.06 percent, a month-on-month loss of 1.04 percent, and a year-to-date gain of 0.86 percent.
The level of market activities also saw a sharp increase. At the end of Thursday’s trading session on the Ghana Stock Exchange, a total of 1,535,458 shares, corresponding to a market value of GHS 3,110,051.06, changed hands as against a total of 46,052 shares, corresponding to a market value of GHS 6,170.77 that changed hands in the previous session.
MTN Ghana recorded the highest volume of 1.52 million traded shares. This was followed by NewGold ETF with 12,300 traded shares, while CAL Bank managed to secure 1,984 traded shares. Moreover, Societe Generale Ghana also entered the top five movers with 826 traded shares.
Following the positive price movements in NewGold ETF and MTN Ghana, the market capitalization rose from GHS61.5 billion that was previously recorded to GHS61.6 billion.
Across the telecom and mining sector, it was a strong performance as the week draws to a close. That notwithstanding, MTN Ghana shareholders will particularly start to dream again, while anticipating more price upticks in the coming days.