GSE continues bullish performance in July

The Ghana Stock Exchange (GSE) continued its bullish performance in July with the year-to-date return of 39.95 per cent.

The market indices closed the month of July trading session with an increase in the Ghana Stock Index (GSE-CI) by 73.63 points, CDH Securities Limited said in its July Stock Summary Analysis of the performance of the Accra bourse.

CDH Securities Limited in the Stock Market Summary analysis copied to the Ghanaian Times, however said the Ghana Stock Exchange Financial Stock Index (GSE-FS) decreased by 18.74 points.

It said market capitalisation increased by GH¢917.36 to GH¢62, 248.75.

“A total volume of 18,761,255 shares valued at GH¢27, 925,719.94 exchanged hands on the bourse. 

The most traded equity for the month was MTNGH whose trade accounted for 68.52 per cent of the total shares traded and 56.94 of the total value of shares traded,” CDH Securities Limited said.

It said there were nine price changes as the market recorded seven gainers and two losers for the month.

The gainers were BOPP, which shares appreciated by 10 per cent from GH¢2.17 to GH¢2.40 per share, ETI shares appreciated by 20 per cent from GH¢0.05 to GH¢0.06 per share, FML saw  a 4.48 per cent increase in the company’s shares from GH¢1.34 to GH¢1.40, GGBL recorded share price appreciation of 16.2 per cent from GH¢1.29 to GH¢1.50.

MTNGH among the gainers saw a 4.1 per cent increase in its share price from GH¢1.20 to GH¢1.25, SOGEGH recorded an increase in the share price of 5.26 per cent from GH¢0.90 to GH¢0.95 and Total saw a 9.59 per cent increase in the price of its shares from GH¢3.65 to GH¢4.00.

“UNIL was the month’s biggest loser as the stock price declined by 33.93 per cent to close the market at the GH¢2.20 per share,” the report said.

On the Fixed Income Market, the CDH Securities Limited said trading at the end of the month saw the market experience a decrease in turnover by 32.27 per cent as it recorded over GH¢21.28 billion worth of bonds, notes and bills traded.

It said the long term dated instruments dominated the trading activities as compared to the short and medium term securities as trades in bonds accounted for 78.17 per cent of total trades while that of bill and notes were 11.15 per cent and 10.68 per cent respectively.

“For treasury bills, the rates for the 91, 182, and 364-day instruments were decreased by 0.066 per cent, 0.021 per cent and 0.013 per cent respectively,” CDH Securities Limited said.

BY KINGSLEY ASARE

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