TERM OF THE WEEK
Commercial Paper: is an unsecured short-term promissory note issued by financial and non-financial corporations. Commercial paper has maturities of up to 270 days. It is typically issued by large, credit-worthy corporations with unused lines of bank credit and therefore carries low default risk.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index decreases by 46.98 points to return -1.68% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the final week of this year lost 46.98 points to close at 2,742.36 showing a YTD return of -1.68% as one (1) stock recorded loser during this week.
The Market Capitalization at the close of this week increased by GH₵63451.30million to close trading at GH₵127.9billion translating into a growth of 98.38% in 2022.
A total of 45.2million shares valued at 340.6million traded this week; an increase of 789.59% in volume traded and 4971.36% increase in value traded as compared to the previous week.
MTNGH recorded most trades, representing 99.47% in total volume and 99.97% in total value traded this week.
Report compiled by: Ibrahim A. Obeng, Mariama Quarshie, Jeff Kumi and Desmond Agbesi.