Trading activity on the Ghana Stock Exchange (GSE) ended Wednesday (16 December) on a positive curve with one ticket recording gains on the bourse.
Five listed equities took part in the day’s trading session and saw GCB Bank Ltd been the sole gainer on the exchange, it added GHC 0.14 (+3.63%) to its opening value to close the day at GHC 4.00 per share.
It sealed the day trading 1,421,100 shares worth GHC 5,684,400; the second highest in volume and value on the exchange. The equity has since traded 13,428,500 shares at a sales value of GHC 52,349,435.00 on the GSE from year open to date.
MTN Ghana dominated in volume and value of trades for the day, accounting for 87.53% of total volume (10,001,450 shares) and 51.17% of total value (GHC 6,200,868).
Maintaining the stand as the heartbeat of the GSE, the stock has traded 547,946,629 shares worth GHC 334,606,828 from the beginning of the year till date and that is the highest on the floor of the exchange.
SIC Insurance Company was the third with 3,300 shares changing hands at GHC 0.08 per share. Benso Oil Palm Plantation (BOPP) and Guinness Ghana Breweries Ltd (GGBL) traded 300 and 220 shares respectively at GHC 2.00 and GHC 0.90 per share.
Total volume and value by end of the day appreciated by 13% and 89% each comparing it to Tuesday’s trading session with a total of 11,426,370 shares exchanging hands at GHS 11,886,361.00.
The GSE Composite Index (GSE-CI) advanced by 3.55 points (0.19%) to close at 1,886.86 points and this resulted in the year-to-date decline decreasing to 16.41%. The index has since gained 2.09% as week-to-date return and 3.57% as month-to-date yields.
The GSE Financial Stock Index (GSE-FSI) also appreciated by 6.44 points (+0.38%) to end the day with its level at 1,716.01 points and this brings the week-to-date gain to 3.95% and month-to-date gain to 5.72%. The year-to-date return for the GSE-FSI also reduced its losses to -15.03%.
The current GSE market capitalization went up by 0.07% to end the day at GHC53,799.36 million but records a year-to-date decline of 5.27%.
The Ghana Stock Exchange (GSE) is expected to maintain this positive trend as confidence is gradually been restored on the market and some investors are also taking advantage of the relatively lower prices recorded in most shares.
Bertha Atubiga, Market Analyst
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