Earnest Money: Is a deposit made to a seller that represents a buyer’s good faith to make a purchase such as the acquisition of a new home. It can be considered as a deposit on a home, an escrow deposit or good faith money.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index lost -4.89 point yielding a return of -0.59% Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week lost 4.89 point to close at 2,429.55 showing a YTD return of -0.59% as one (1) stock recorded gainer during this week and six (6) also recorded loser.
The Market Capitalization at the close of this week decreased by GH₵58.50million to close trading at GH₵64.5billion.
A total of 0.119million shares valued at 2.068million traded this week; a decrease of 82.74% in volume traded and 34.69% increase in value traded as compared to the previous week.
MTNGH recorded most trades, representing 55.79% in total volume and but GLD recorded 93.20% in total value traded during this week.
Report compiled by: Obeng A. Ibrahim