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Accra bourse loses GHS 576m in capitalisation as market index slumps by 56 points

Osumanu Al-Hassan by Osumanu Al-Hassan
August 29, 2022
in News
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GSE-CI closes at 2,555.05 points; posts -8.40% YTD returns for investors
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Market activity for the week inched downwards by 56.56 points  to close at 2,476.48 points translating into a YTD return of -11.22%. 

The GSE Financial Stock Index (GSE-FSI) also lost 17.13 points to  close at 2,018.25 points translating into a YTD return of -6.21%. 

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Nineteen (19) equities traded over the week, ending with three (3) decliners. SIC, MTNGH and EGH were the decliners as they lost GH¢0.01, GH¢0.04 and GH¢0.30 respectively to close trading at GH¢0.31, GH¢0.91 and GH¢6.50.

DECLINERS  

Ticker Close Price  (GH¢)Open Price  (GH¢)Price  ChangeY-t-D  Change
SIC 0.31 0.32 -0.01 287.50%
MTNGH 0.91 0.95 -0.04 -18.02%
EGH 6.50 6.80 -0.30 -14.47%

As a result, market capitalization decreased by GH¢576.28 million to close the trading week at GH¢63.78 billion.

A total of 1,944,061 shares valued at GH¢1,679,680.70 traded  during the week. Compared with the previous trading week, this week’s data shows a 130.59% improvement in volume traded and 96.02% decline in trade turnover.

Scancom PLC. (MTNGH) accounted for 52.20% of the total value traded and recorded the  most volumes traded. 

TOP TRADED EQUITIES 

Ticker Volume Value (GH¢)
MTNGH 962,894 876,781.18
ETI 358,289 47,472.91
SIC 207,119 65,120.95
SOGEGH 193,038 192,995.11
CAL 143,164 108,804.64

Tags: GSE

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