TERM OF THE WEEK
Bull Market: Is the condition of a financial market in which prices are rising or are expected to rise continuously. The term bull market is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies, and commodities.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index decrease by 5.48 points yielding a return of -3.52% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week lost 5.48 points to close at 2,691.19 showing a YTD return of -3.52% as one (1) stock recorded gainer and four (4) stocks recorded losers during this week.
The Market Capitalization at the close of this week decreased by GH₵222.95million to close trading at GH₵63.8billion translating into a loss of 0.01% in 2022.
A total of 87.63million shares valued at 89.2million traded this week; an increase of 698.08% in volume traded and 712.42% increase in value traded as compared to the previous week.
MTNGH recorded most trades, representing 98.62% in total volume and 96.85% in total value traded during this week.
Report compiled by: Ibrahim A. Obeng, Mariama Quarshie, Jeff Kumi, Desmond Agbesi, Eric Tetteh and Ishmael D. Tsibu.