1,033.26 points from 1,032.99 points. The GSE financial stock index followed suit as gains in two financial stocks moved the index 0.3 points higher at 890.55 points. CAL Bank, Guinness Ghana Brewery Ltd (GGBL) and SIC gained a pesewa each to close at GHS0.29, GHS2.14 and GHS0.32 respectively. Losses were recorded in Ecobank Ghana (EBG) , PZC, Standard Chartered Bank (SCB) and TOTAL.
The week on the Ghana Stock Exchange commenced on a good note. On Monday, (25th June), marginal gains in two equities helped the market benchmark up 0.16 points, to close at 1,032.99 points, bringing the year-to-date change to 6.60%. The GSE-Financial Stock Index remained unchanged at 890.25 points, as financial stocks stayed flat. GOIL dominated trading.
On Tuesday, (26th June), price appreciation in three equities pushed the GSE-Composite Index up 0.27 points, despite to losses in four, to close at
On Wednesday, Ghana Commercial Bank (GCB) dominated trading, accounting for 87.67% of the 0.29 million shares traded, and nearly 96% of the GHS 0.53 million realized. The volume and value traded increased by 58.09% and 40.34% respectively, over the previous session. GCB, EBG and SIC recorded upward price movement. There were no losses. Moreover, the GSE-Composite Index climbed 1.99 points, to close trading at 1035.25 points. The change brought the year-to-date return to 6.83%.
The stock market stretched its winning streak to four successive sessions on Thursday (28th June), as upward price movement in GGBL held off a loss in TOTAL, to push the market benchmark 6.39 points clear of the previous closing, at 1,041.64 points. The corresponding year-to-date return was 7.49%. The GSE-Financial Stock Index remained stable at 893.36 points, as financial stocks stayed flat.
Turnover on the bourse stood at GHS0.19 million, 63.22% less than the previous session, as 0.31 million shares were traded between sixteen equities. CAL trades accounted for 33.34% of shares traded, while TLW dominated in terms of value, with 29.65% of the turnover.
GGBL returned 7.48%, closing at at a year-high GHS2.30. The downside saw TOTAL slip by a pesewa to close at GHS19.43.
On the Last day of trading on the exchange, upward price movement in Ecobank Transnational Inc.(ETI) ensured that the market maintained its recent good performance, stretching its winning streak to five successive sessions. The GSE-Composite Index closed 3.84 points higher at 1,045.48 points, bringing the year-to-date change to 7.89%. The GSE-Financial Stock Index returned 0.73%, closing 4.26 points higher at 899.86 points, as a loss in EBG failed to negatively impact ETI’s gain.
Turnover on the bourse stood at GHS0.13 million, 32.24% less than the previous session, as 0.29 million shares were traded between sixteen equities. CAL dominated trading, accounting for 75.55% of the trade volume and 49.13% of the value traded.
ETI went up by a pesewa to close at GHS0.14. On the downside, EBG lost GHS0.06 to close at GHS2.98.
This week was a good one on the exchange despite the ‘election year fever’ on most stocks. We hope next week gets better.
Source of Data: Ghana Stock Exchange & CBL.