Ghana | GSE

At the close of the week under review, the benchmark GSE Composite Index (GSE-CI) rallied as it gained 180.29 points to close at 2,858.17 translating into a YTD return of 47.21%. The GSE Financial Stock Index (GSE-FSI) also appreciated by 49.20 points over the week to close at 2,055.20 translating into a YTD return of 15.28%, making it the third weekly gain in a row. Seven equities recorded gains in the week, pushing the Market Capitalization up by GH¢1.89 billion to close trading at GH¢64.20 as FanMilk recorded a week’s gain of 28.83% to return an impressive 226.85% YTD. A total of 14.12 million shares valued at GH¢18.32 million traded, representing a significant increase of 178.69% and 138.92% respectively compared to the previous week. Nineteen (19) stocks traded in the week as MTNGH accounted for 57.15% of the total value traded ...

At the close of the week under review, the benchmark GSE Composite Index (GSE-CI) fell by 118.05 points to close at 2,677.88 translating into a YTD return of 37.92% making it the second weekly drop in a row. The GSE Financial Stock Index (GSE-FSI) appreciated by 23.45 points over the week to close at 2,006.00, also translating into a YTD return of 12.52% making it the second weekly gain in a row. Four stocks made gains in the week, with FanMilk recording daily price gains over the week summing up to a 42.71% return.

The Ghana Stock Market at the close of the week gained 46.81 points to close the week with a YTD return of 44.23% on the back of price gain made in nine (9) equities with Scancom PLC. (MTNGH) closing the week as the most traded, accounting for 92.8% of total value traded.

The Ghana Stock Market at the close of the week gained 13.71 points to  close the week with a YTD return of 41.82% on the back of price gain  made by six (6) equities. Cal Bank PLC (CAL) closed the week with the  highest value traded representing 42.2% of total value traded.

The Ghana Stock Market at the close of the week chalked 10.67 points to close the week with a YTD return of 41.89%. This is largely due to the performance of Unilever Ghana PLC. (UNIL) during the week as it gained 60.27% over the week and an impressive 134% in a month.

The Ghana Stock Exchange (GSE)equity market has since the beginning of the year returned over 40% to investors; levels it has not reached since 2017. This is in contrast to the relatively bearish market we have endured over the past three years compounded by the outbreak of the globalpandemic COVID-19 in 2020 which slowed the comeback of the market. But since the country conducted a peaceful general elections in 2020with easing of lockdowns married withsuccessful roll out of vaccinations, the market hasshown signs of a recovery which has extended well into this year. As there are easing of restrictions on movements, businesses and industries have been able to revive their activities although not at pre-pandemic levels. The GSE has benefitted largely from gains made by telecommunication giants; Scancom PLC among other listed equities which have performed well this year to record impressive market returns. Scares of the Delta variant however has not affected the GSE as there is more adherence to safetyprotocols in the companies and companies are more robust to the needs and requirements of working from home.