TERM OF THE WEEK
Capital Market: Is one in which individuals and institutions trade financial securities. Organizations and institutions in the public and private sectors also often sell securities on the capital markets in order to raise funds. Any government or corporation requires capital (funds) to finance its operations and to engage in its own long-term investments. To do this, a company raise money through the sale of securities – stocks and bonds in the company’s name. These are bought and sold in the capital markets.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index increases by 1.36 points yielding a return of -3.40% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week gained 1.36 points to close at 2,694.47 showing a YTD return of -3.40% as two (2) stocks recorded gainers and two (2) losers during this week.
The Market Capitalization at the close of this week decreased by GH₵479.23million to close trading at GH₵62.8billion translating into a decline of 1.60% in 2022.
A total of 8.25million shares valued at 2.9million traded this week; an increase of 72.36% in volume traded but 24.62% decrease in value traded as compared to the previous week.
SIC recorded most trades, representing 82.51% in total volume and 28.22% in total value traded during this week.
Report compiled by: Ibrahim A. Obeng, Mariama Quarshie, Jeff Kumi, Desmond Agbesi and Eric Tetteh.