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

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%. 

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

GSE