Ghana Equity Markets | 21 Oct 2015: GSE Indices Marginally Up, Investors gain GHS 5 Mill …

Accra, Ghana, Capital Markets in Africa — The equity trading on the Ghanaian Stock Exchange (GSE) returned to positive zone, as a result the market capitalization rose by GHS 5 million to close at GHS 62,076 million relatively to a market capitalization of GHS 62,071 recorded at the previous trading session.

The benchmark composite index marginally added 0.90 points or 0.05 percent to close the day at 1,989.81 points, representing a year-to-date performance 0f -11.99 percent. The financial Index remained unchanged to trade at 1,917.99 points with a year-to-date return of -14.51 percent.

From the market activity perspective, the total volume was 249,310 (a rise of about 126.53 percent from the previous trading session total volume of 110,057 shares) and total traded value was GHS 62,380 (a fall of about 87.50 percent compared with the previous trading session value of GHS 511,171 million). Aluworks Ghana recorded 100,000 shares (almost 40.11 percent of the total volume) to value at GHS 8,000 (about 12.82 percent of the total value traded). Other most actively traded stocks were UT Bank Ghana (recorded 78,228 shares at GHS 7,823), Ecobank Transnational Incorporated Togo (recorded a volume of 51,900 shares valued at GHS 15,570), Ghana Oil Limited Bank (registered 5,536 shares valued at GHS 7,470) and CAL Bank Ghana (traded 5,314 shares with total value of GHS 4,251). The top five most actively traded stocks by volume accounted for almost 97 percent of the total volume and about 70 percent of the total value traded.

Looking at the price movers and shakers, out of the 13 traded securities via 182 transactions, one gainer, and no loser were recorded, so the market breath/sentiment ended in the positive zone.  Ghana Oil rose to GHS 1.35 by adding GHS 0.02 or 1.50 percent.

On the foreign exchange market front, the Cedi traded against the US dollar at GHS 3.7993 after gaining by 0.11 percent and traded at GHS 4.3130 against the Euro after dropping 0.15 percent. The Cedi also lost value against the Swiss franc to settle at GHS 3.9823 by depreciating by 0.14 percent. Ghanaian currency added 0.14 percent to close at GHS 5.8777 but by depreciated by 0.05 percent to end at GHS 0.2869 against British pound and South Africa rand respectively.

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