Ghana Stock Exchange market capitalization increases

Trading session on the Ghana Stock Exchange (GSE) has ended with a 39.28-point increased in the GSE-Composite Index (GSE-CI) recently.

The market capitalization increased by GH¢411.06 to GH¢ 63,422.94 with the year-to-date return of 44.20 per cent.

An analysis conducted by the CDH Securities Limited said the total volume of 4,210,903 shares valued at GH¢5,342,680.91 exchanged hands on the Accra bourse.

It said the most traded equity for Wednesday was MTNGH whose trade accounted for 99.75 per cent of the total shares traded and 99.06 per cent of the total value of shares traded.

The CDH Securities Limited, said there were four price changes as the market recorded four gainers for today.

“EGH was the day’s biggest gainer as the stock price appreciated by 6.27 per cent to close the market at GH¢7.80 per share,” it said.

On the Fixed Income Market, the analysis said trading as of September 7, 2021 saw the market experienced a decrease in turnover by 41.71 per cent as it recorded over GH¢482 million worth of bonds, notes and bills traded.

CDH Securities Limited said “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 84.77 per cent of the total trades while that of bills and notes were 11.30 per cent and 3.93 per cent respectively.”

It said the top five traded instruments were the November 26 10-year, September 23 three-year, November 22 five-year, May 26 10-year and January 23 three-year in that order as indicated in the table above, adding that all the top five traded instruments accounted for 58.48 per cent of the total volume of trades.

For the forex rates from the Bank of Ghana, CDH Securities Limited showed that the cedi appreciated against the euro and the pound sterling by 0.18 per cent and 0.31 per cent respectively.

It said the cedi however remained unchanged against the dollar for today and banks increased their forex rate with regards to the euro by 0.68 per cent and decreased their rates with regards to the pound sterling by 0.23 per cent respectively.

On commodities, CDH Securities Limited said commodity prices displayed a varying result on the international commodities market today as Oil price decreased by 0.78 per cent.

It said gold and cocoa prices however decreased by 0.36 per cent and 0.41 per cent respectively.

Source: Ghanaiantimes