Market activity on the Ghana Stock Exchange (GSE) equity market was upbeat last week, with 14.5 million shares worth ¢25.2 million changing hands across 25 counters.
MTN Ghana and GCB Bank drove activity, jointly accounting for 63% of aggregate volumes and 58% of total turnover.
Driven by gains in MTN Ghana (¢1.26, +5.00% week-on-week), the market indices ended the trading week higher.
The GSE Composite Index (GCI) advanced 1.89% week-on-week to 2,721.17 points (+11.34% year-to-date).
New Gold ETF (¢227.62, +3.81% w/w) was the only other counter that recorded gains within the week, while Standard Chartered Bank (¢13.90), Fan Milk (¢1.00) and GCB Bank (¢3.19) all declined by 9.74%, 5.66% and 0.31% respectively.
Market Capitalization moved up to ¢68.09 billion, from ¢67.54 billion the previous week.
Meanwhile, TotalEnergies and Unilever Ghana are the stocks expected to advance this week week based on strong stock demand.
Conversely, MTN Ghana is expected to decline due to anticipated selling activity following the ex-dividend date, which falls next week.
Latest Stories
-
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
39 mins -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
58 mins -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
1 hour -
Government should resource record labels – Seven Xavier
1 hour -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
1 hour -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
2 hours -
Premier League clubs vote in favour of spending cap plans
2 hours -
Nigeria’s fuel crisis brings businesses to a halt
2 hours -
King Promise impresses fans at sold out show in Singapore
2 hours -
Ejisu by-election to proceed after plaintiff withdraws injunction application
2 hours -
CSOs and NGOs unite to push for priority demands at INC-4
2 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
2 hours -
EC’s stolen BVR kits, laptops: One granted bail, three still on remand
2 hours -
2 Things: Sista Afia releases first song off her upcoming album
3 hours -
GHS to embark on COVID-19 vaccination campaign starting May 4
3 hours