Trading on the Ghana Stock Exchange (GSE) closed in the month of August with a 33.07 points increase in the Composite Index.
The Accra bourse Financial Stock Index also increased by 39.04 points while the market capitalisation shot up by GH¢656.21 to GH¢62,904.96.
The year-to-date return stood at 41.66 per cent with the total volume of 19,930,662 shares, valued at GH¢ 26,694,946.93, exchanging hands on the bourse.
This is according to the monthly market analysis compiled by CDH Securities Limited and copied the Ghanaian Times in Accra yesterday.
Telecommunication giant, MTNGH, had the most traded equity for the month, accounting for 72.90 per cent of the total shares traded and 68.37 per cent of the total value of shares traded.
Whereas there were 11 price changes as the market recorded eight gainers and three losers for the month, Cocoa Processing Company (CPC) was the month’s biggest loser as the stock price declined by 33.33 per cent to close the market at GH¢ 0.02 per share.
On the Fixed Income Market, trading at the end of the month saw the market experience a decrease in turnover by 31.93 per cent as it recorded over GH¢ 14.31 billion worth of bonds, notes and bills traded.
The long-term dated instruments dominated the trading activities as compared to the short and the medium term securities as trades in bonds accounted for 65.24 per cent of total trades while that of bills and notes were 15.34 per cent and 19.42 per cent respectively.
For treasury bills, the CDH Securities Limited said the rates for the 91, 182 and 364 day instruments were diminished by 0.096 per cent, 0.135 per cent and 0.207 per cent correspondingly for the month.
Forex rates from the Bank of Ghana showed that the cedi depreciated against the dollar and the euro by 0.86 per cent and 0.07 per cent respectively.
The cedi, however appreciated against the pound sterling by 0.67 per cent for the month.
BY KINGSLEY ASARE
