GSE: Benchmark index gains 38 points despite losses in GOIL, GLD

The GSE Composite index over the week gained 38.17 points, ending the week at 2,545 points representing a year-to-date return of -8.74% for investors.

The recorded gain in the benchmark index at the close of the week, was despite the decline in the share price of GOIL and Absa sponsored Exchange Traded Fund (ETF), New Gold (GLD).

New Gold for the week under review, declined in share price by GHS 2, ending the week with a stock price of GHS 143 from the it’s opening price of GHS 145.

GOIL, which is the second  loser on the bourse, for the week under review declined in share price by 1 pesewas ending the week with a stock price of GHS 1.81 from its opening price of GHS 1.82.

Access Bank and MTN stocks however, recorded gains in their share prices ending the trading week with stock prices of GHS 2.51 and GHS 0.90 respectively.

The GSE Composite index over the week gained 38.17 points, ending the week at 2,545 points representing a year-to-date return of -8.74% for investors.

The recorded gain in the benchmark index at the close of the week, was despite the decline in the share price of GOIL and Absa sponsored Exchange Traded Fund (ETF), New Gold (GLD).

New Gold for the week under review, declined in share price by GHS 2, ending the week with a stock price of GHS 143 from the it’s opening price of GHS 145.

GOIL, which is the second  loser on the bourse, for the week under review declined in share price by 1 pesewas ending the week with a stock price of GHS 1.81 from its opening price of GHS 1.82.

Access Bank and MTN stocks however, recorded gains in their share prices ending the trading week with stock prices of GHS 2.51 and GHS 0.90 respectively.

GAINERS & DECLINERS  

Ticker Close Price  (GH¢)Open Price  (GH¢)Price  ChangeY-t-D  Change
ACCESS 2.51 2.29 0.22 -20.32%
MTNGH 0.90 0.87 0.03 -18.92%
GOIL 1.81 1.82 -0.01 -0.55%
GLD 143.00 145.00 -2.00 -1.67%

The GSE-FSI also within the review week increased by 6.64 points translating into a year-to-date return of 1.17%.

Increments in the two indices of the local bourse resulted in the expansion of the stock market (in value terms) by some GHS 3.19bn with the total market capitalisation of the GSE reaching GHS 64.84bn at the close of the week.

In all, a total of 5.82 million shares valued at GH¢6.56million traded during the week. Compared with the previous trading week, last week’s data shows a 31.34% decline in volume traded and 27.52% decline in trade turnover.

Scancom PLC. (MTNGH) recorded lion’s  share of trades as it recorded the most volumes and accounted for 98.89% of the total value traded.

TOP TRADED EQUITIES 

Ticker Volume Value (GH¢)
MTNGH 5,754,920 5,179,039.52
SIC 11,729 3,635.99
CAL 8,749 55,134.80
GLD 8,491 1,214,213.00
TOTAL 7,934 32,529.40
Source: norvanreports
GSE