TERM OF THE WEEK
Compound interest: Is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods. Generating interest on interest is known as the power of compound interest.
STOCK MARKET FOCUS: Ghana Stock Exchange (GSE) Composite Index gained 24.00 point yielding a return of %-1.21 Yield-To-Date (YTD).
The benchmark GSE Composite Index (GSE-CI) at the end of this week gained 24.00 point to close at 2,414.43 showing a YTD return of -1.21% as three (3) stock recorded gainer during this week and two (2) also recorded loser.
The Market Capitalization at the close of this week increased by GH₵250.43million to close trading at GH₵64.3billion.
A total of 1.19million shares valued at 2million traded this week; a decrease of 37.73% in volume traded and 52.37% decrease in value traded as compared to the previous week. GGBL recorded most trades, representing 83.93% in total volume and also recorded 82.96% in total value traded during this week
Report compiled by: Obeng A. Ibrahim