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GCB bank gains 1.31% over a three-month period on the GSE

The worth of the GSE increased by GHC2.65 million (0.01%) to GHC 53,121.38 million from a previous value of GHC 53,118.73 million

Commencing trading activity for this week on the Ghana Stock Exchange (GSE), four listed equities participated in trading on the floor of the Market and sealed the day with a sole gainer; GCB Bank Ltd.

The share advanced by a pesewa (0.26%) trading the highest volume of shares on the market. We saw 170,000 shares trade at GHC3.86, with a three months gain of 1.31%, GCB has since lost 24.31% to investors from the beginning of this year to date

Total volume declined by 19% compared to Friday’s (20 November) trading session, as 172,451 shares exchange hands at a sales value that was high by 197% to close the day at GHC 656,759.00.

This was followed by Ecobank Transnational Incorporated trading 2,200 shares GHC 0.08, Societe General traded 200 shares at GHS 0.64. Ecobank Ghana was the least traded equity with 51 shares trading on the floor of the GSE at GHC 5.00 per share.

The worth of the GSE increased by GHC 2.65 million (0.01%) to GHC 53,121.38 million from a previous value of GHC 53,118.73 million

The GSE market indices saw marginal appreciation by end of the day as a result of the gain recorded in GCB Bank.

The GSE-Composite Index with a four-week decline of 0.49% added 0.26 points (0.01%) to close with its level at 1,822.09 points and a yield of -19.27%.

The GSE Financial Stock Index (GSE –FSI) also saw an upward movement on its opening level by 0.03% to 1,623.66 points.

It has since lost 0.03% week-on-week and 1% in one month and records a year-to-date return of 19.61%.

Bertha Atubiga, Market Analyst

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