Weekly Stock Market Report_03_02_2023

Term of The Week

Alpha: Is the excess returns earned on an investment above the benchmark return. Active portfolio managers seek to generate alpha in diversified portfolio with intention to eliminate unsystematic risk.

STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index lost -86.93 point yielding a return of %-4.14 Yield-To-Date (YTD).

The benchmark GSE Composite Index (GSE-CI) at the end of this week lost 4.89 point to close at 2,342.62 showing a YTD return of -4.14% as one (1) stock recorded gainer during this week and five (5) also recorded loser.

The Market Capitalization at the close of this week decreased by GH₵890.68million to close trading at GH₵63.6billion.

A total of 0.902million shares valued at 0.827million traded this week; an increase of 653.46% in volume traded and 60% decrease in value traded as compared to the previous week.

SIC recorded most trades, representing 35.20% in total volume and but MTNGH recorded 31.62% in total value traded during this week.

Report compiled by: Obeng A. Ibrahim

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