TERM OF THE WEEK
Debt Market: Is where an investor loans money to an entity (corporate or government), which borrows the funds for a defined period of time at a fixed interest rate. Bonds which are mostly used in debt markets are used by companies, municipalities, states and foreign governments to finance a variety of projects and activities. Bonds can be bought and sold by investors on credit markets around the world. The market is alternatively referred to as the credit fixed-income market.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index decreases by 1.92 points yielding a return of -2.11% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week lost 1.92 points to close at 2,726.84 showing a YTD return of -2.11% as two (2) stocks recorded gainers and two (2) losers during this week.
The Market Capitalization at the close of this week increased by GH₵16.80million to close trading at GH₵63.7billion translating into a decline of 0.24% in 2022.
A total of 10.2million shares valued at 12.58million traded this week; an increase of 73.15% in volume traded and 95.07% increase in value traded as compared to the previous week. MTNGH recorded most trades, representing 83.56% in total volume and 73.49% in total value traded this week.
Report compiled by: Ibrahim A. Obeng, Mariama Quarshie, Jeff Kumi, Desmond Agbesi and Eric Tetteh.