GSE records year-to-date return of 44.77 %

Wed, 15 Sep 2021 Source: ghanaiantimes.com.gh

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The Ghana Stock Exchange (GSE) recorded a year-to-date return of 44.77 per cent as of trading on Monday.

“The trading session ended with a 10.50 points increase in the Ghana Stock Exchange’s Composite Index (GSE-CI),” the CDH Securities Limited daily analysis report on the GSE, said.

It said market capitalization increased by GH¢275.43 to GH¢ 63,705.87.

The CDH Securities Limited report said a total volume of 79,342 shares valued at GH¢ 265,582.63 exchanged hands on the bourse.

“The most traded equity for today was GCB whose trade accounted for 27.29 percent of the total shares traded and 43.94 percent of the total value of shares traded,” the report said.

It said there were three price changes as the market recorded three gainers for Ecobank Transnational Incorporated which was the day’s biggest gainer as the stock price appreciated by 14.29 percent to close the market at GHS 0.08 per share.

The CDH Securities Limited report said trading as of 10th September 2021 saw the market experience a decrease in turnover by 67.97 percent as it recorded over GH¢284 million worth of bonds, notes and bills traded.

“The long-term dated instruments dominated the trading activities as compared to the short and the medium-term securities as trades in bonds accounted for 68.76 percent of the total trades while that of bills and notes were 17.67 percent and 13.56 percent respectively,” said the CDH Securities report.

It said the top five traded instruments were the January 27 six-year, August 27 seven-year, January 22 182-day, March 32 15-year and November 27 seven-year.

“In all, the top five traded instruments accounted for 34.90 percent of the total volume of trades,” the report, said.

For the Forex market, data from the Bank of Ghana showed that the cedi remained unchanged against the dollar, the euro and the pound sterling respectively for yesterday.

It said banks kept their forex rate with regards to the dollar, the euro and the pound sterling unchanged for yesterday.

On the International Commodities Market, the report said Gold, Cocoa and Oil prices increased by 0.21 percent, 1.30 percent and 1.04 percent respectively yesterday.

Source: ghanaiantimes.com.gh