SIC dominates trading on GSE, sheds 10% of its value

Wednesday trading session sealed the day with SIC moderating its opening value by a pesewa (10%).

Beginning the year at GHC 0.08 per share, the equity closed today (11 November) at GHC 0.09 and currently returning 12.5% to investors from the beginning of the year till date and that makes it the third on the exchange after CPC (50%) and CMLT (22.22%). Though the sole laggard on the exchange, SIC dominated trading activity with 1,004,100 shares changing hands.

The floor of the exchange saw only four out of the thirty-nine (39) listed shares trading.

MTN Ghana at GHC 0.61 traded 11,300, CAL Bank exchanged 1,300 at its opening share price of GHC 0.70 and GOIL traded the least (300 shares) by close of the day (11 November) at GHS 1.50. This saw a total of 1,014,394 shares at a sales value of GHC 98,508.80.

Recording a four-week return of -2.04%, the Composite Index (GSE –CI) lowered its level by 0.19 points (-0.01%) to end midweek’s trade at 1,813.27 points and a year-to-date decline of 19.67%.

The Financial Stock Index (GSE-FI) also pared 0.02% of its level to 1,608.25 points and this brought its monthly loss to 4.05% and the year-to-date return at -20.37%.

The GSE market capitalization decreased by 0.0037% from GHC 52,865.58 million to GHS 52,863.62 million by close of day.

The last two trading days of this week on the Ghana Stock Exchange (GSE) may not see significant price changes.

Bertha Atubiga

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