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Ghana Stock Exchange ends the week flat

The GSE-Composite Index was at 1,806.94 points and still records a week loss of 0.82% and a year-to-date return of -19.95%

At the end of the last trading session on the Ghana Stock Exchange for the week ending 27 November 2020, the major indices remained unchanged with the GSE-Composite Index at 1,806.94 points and still records a week loss of 0.82% and a year-to-date return of -19.95%.

The GSE-Financial Stock Index closed at its opening level of 1,622.81 points, a four-week loss of 1.72% and a year-to-date decline of 19.65%

The market closed with seven listed equities participating in trade and it saw a total of 87,328 shares exchanged hands at a market value of GHS 53,141.42.

MTN Ghana recorded the highest volumes of shares on the market with 72,800 shares trading at GHS 43,680. It has since lost 1.64% in the last one month and added 1.69% in three months to investors’ capital. Beginning the year at GHS 0.70 per share, MTN Ghana has so far lost 14.29% to investors.

CAL Bank followed with a worth of GHS 5,658 shares trading at GHS 0.69 per share. Intravenous Infusions Limited (IIL) on the Ghana Alternative Market (GAX) changed 4,500 at GHS 0.05 per share.

Ecobank Transnational Incorporated (ETI) and Standard Chartered Bank (SCB) traded 1,000 and 150 shares each. However, SCB closed the day as the third most traded equity in value with GHS 2,267.00 shares trading.

The market capitalization also maintained its value at GHS 52.96 billion at the back of no equities moving on their opening share quotes.

Bertha Atubiga, Market Analyst

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