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GSE: Share price decline in Societe Generale, ETI leads to 7.12  points drop in benchmark index

Osumanu Al-Hassan by Osumanu Al-Hassan
July 8, 2022
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GSE-CI closes at 2,555.05 points; posts -8.40% YTD returns for investors
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The benchmark index (GSE-Composite Index) of the Ghana Stock  Exchange (GSE) lost 7.12 points to close trading at 2,538.53 points  representing a YTD return of -8.99%.

The GSE Financial Stock Index (GSE FSI) also dropped 14.28 points to close trading at 2,163.03 points  translating into a YTD return of 0.52%. 

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Fifteen (15) equities traded, ending with two decliners. Societe Generale  Ghana PLC. (SOGEGH) and Ecobank Transnational Inc. (ETI) were the  decliners as they lost GH¢0.01 each to close trading at GH¢1.17 and GH¢0.16 representing a YTD return of -2.50% and 14.29% respectively.

DECLINERS

Ticker Close Price  (GH¢)Open Price  (GH¢)Change (GH¢)YTD  Change
SOGEGH 1.17 1.18 -0.01 -2.50%
ETI 0.16 0.17 -0.01 14.29%

Market capitalization of the GSE on the back of the share price decline in Societe Generale and ETI was GH¢64.61 billion.

Meanwhile, a total of 1,100,864 shares valued at GH¢1,022,509.53 was traded on the day. Compared with the previous GSE trading day (July 6), Thursday’s data shows a 728.43% improvement in volume traded against a 114.23% improvement in trade turnover.

 Scancom PLC. (MTNGH) accounted for  89.68% of the total value traded as the stock also recorded the largest volumes traded.

TOP TRADED EQUITIES 

Ticker Volume Value (GH¢)
MTNGH 1,018,900 917,010.00
SIC 47,000 15,040.00
SOGEGH 12,806 14,983.02
GCB 12,399 61,995.00
ETI 3,411 545.76
Tags: Generale

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