Buoyed by a rally in MTNGH, the Ghanaian equity market advanced to a 31.93% year-to-date return at the end of April 2021. The surge in prices of eleven other stocks in the banking, petroleum marketing, insurance and beverage sectors has sparked interest in the equities market and led to questions of how high the benchmark index can go this year. We believe equities are still underpriced amid steep discounts to book value and attractive dividend yields.
