Ghana Equity Markets | 20 Aug 2015: Equity trading on the Ghanaian Stock Exchange ends bearish … financial index 0.71% drop

Accra, Ghana (Capital Markets in Africa):-  On Thursday, Ghanaian Stock Exchange (GSE) ended in bearish mood and the equities market capitalization lost GHS 185 million to close at GHS 63,250 million relative to market capitalization of GHS 63,065 recorded at previous trading session.

The benchmark composite index fell by 2.80 points or 0.13 percent to close the day at 2,152.85 points, representing a year-to-date performance 0f 4.78 percent. The financial Index also plunged by 15.39 points or 0.71 percent to trade at 2,147.03 with a year-to-date return of 4.31 percent.

From the market activity perspective, the total volume was 216,931  (a deduction of about 44 percent from yesterday’s total volume of 387,440 shares) and total traded value was GHS 717,924 million (a reduction of about 278.30 percent compared with previous trading session value of GHS 189,778). Ghana Commercial Bank had 71783 shares (almost 33.09 percent of the total volume) to value at GHS 293,745 million (about 40.92 percent of the total value traded). Other most actively traded stocks were CAL Ghana (recorded 41,302 shares at GHS 40,493), Ecobank Ghana (recorded a volume of 40,728 shares valued at GHS 327,136), UT Bank (registered 24,949 shares valued at GHS 2,389) and Ghana Oil (traded 23,066 shares with total value of GHS 41,512). The top five most actively traded stocks by volume accounted for almost 96 percent of the total volume and about 98 percent of the total value traded.

Looking at the price movers and shakers, out of the 14 traded securities via 149 transactions, three gainers and four losers were recorded, so the market breath/sentiment ends negative. Ecobank Transnational Incorporation surged to GHS 0.31 by gaining GHS 0.01 or 3.33 percent, Ghana Oil advanced by 1.12 percent to trade at GHS 1.80 and Societe Generale grew to GHS 0.91 from GHS 0.90 by 1.11 percent.  The losers were UT Bank dropped to  GHS 0.13 from GHS 0.14 resulting to 7.14  percent drops, CAL Bank went down by 1.01 percent to end at GHS 0.98, Standard Chartered Bank plunged by 0.98 to settle at GHS 17.14 and Ghana Commercial Bank closed at GHS 4.09 with a reduction of 0.49 percent.