TERM OF THE WEEK
Term Deposit: is a cash investment held at a financial institution. Your money is invested for an agreed rate of interest over a fixed amount of time or term. Term deposits can be invested into a bank, building society or credit union. When the money is deposited, the customers understand that the money is there for the predetermined period which ranges from 1month to 5years and the interest rate is guaranteed not to change for that nominated period of time. The money can only be withdrawn at the end of the period or earlier with a penalty attached.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index increases by 19.67 points to return -0.98% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week gained 19.67 points to close at 2,762.03 showing a YTD return of -0.98% as two (2) stocks recorded gainers and three (3) stocks recorded losers during this week.
The Market Capitalization at the close of this week increased by GH₵205.87million to close trading at GH₵64.2billion translating into a growth of 0.52% in 2022.
A total of 1.52million shares valued at 2.4million traded this week; a decrease of 93.93% in volume traded and 90.97% decrease in value traded as compared to the previous week.
MTNGH recorded most trades, representing 82.85% in total volume and 57.11% in total value traded this week.
Report compiled by: Ibrahim A. Obeng, Mariama Quarshie, Jeff Kumi, Desmond Agbesi and Eric Tetteh.