Stock Exchange posts -8.16% YTD returns for traders

The Ghana Stock Exchange (GSE) over the weekend posted negative year-to-date returns of 8.16 percent on share prices to traders on the market.

The negative year-to-date returns implies losses made on share prices by traders since the beginning of the year.

The recorded year-to-date loss of 8.16% was re-enforced by some 129.11 points loss over the week due to the decline in the share prices of three equities (MTNGH, CAL and TOTAL).

There was however, one gainer on the stock market which was SIC. The equity gained 0.01% in share price closing the week with a share price of 26 pesewas.

Trading activity ended the week with the GSE-Composite Index closing at 2,561.83 points.

The GSE-Financial Stock Index also decreased by -2.92 points to close the week at 2,206.32 translating into a YTD return of 2.53%.

Despite the loss in the GSE-CI, market capitalisation over the week increased by GHS 1,351m to the close the week at GHS 62.51bn.

In all, a total of 631.25 million shares valued at GHS 580.52 million traded during the week compared to 10.67 million shares valued at GHS 10.72 million which traded the previous week.

Scancom PLC. (MTNGH) recorded the lion’s share of trades per value as it accounted for 99.87% of the total value traded.

Leave a Reply

Your email address will not be published. Required fields are marked *