Ghana Equity Markets | 22 Oct 2015: Ghana All Share index 10bps down, Financial index 0.14% lower, Investors lose US$ 3 Mill …

Accra, Ghana Capital Markets in Africa  —  On Thursday, Ghanaian equity markets retreated to positive zone, as a result equities market capitalization lost GHS 10.6 million (about US$ 2.8 million) to close at GHS 62,066 million relative to market capitalization of GHS 62,076 recorded at the previous trading session.

The benchmark composite index plunged by 0.10 percent or 1.93 points to close the day at 1,987.88 points, representing a year-to-date performance 0f -12.08 percent. The financial Index waned by 0.14 percent or 2.69 points to trade at 1,915.31 with a year-to-date return of -14.63 percent.

From the market activity perspective, the total volume was 558,778 (an increase of about 124.13 percent from the previous trading session total volume of 249,310 shares) and total traded value was GHS 1.979 million (a rise of about 3072.71 percent compared with previous trading session value of GHS 62,380). Ghana Commercial Bank recorded 504,920 shares (almost 90.4 percent of the total volume) to value at GHS 1.888 million (about 95.42 percent of the total value traded). Other most actively traded stocks were Guinness Ghana (recorded 34,100 shares at GHS 68,200), HFC Bank  (recorded a volume of 8,000 shares valued at GHS 6,880), Ghana oil (registered 5,000 shares valued at GHS 6,750) and CAL Bank Ghana (traded 3,401 shares with total value of GHS 2,687). The top five most actively traded stocks by volume accounted for almost 99.4 percent of the total volume and about 99.7 percent of the total value traded.

Looking at the price movers and shakers, out of the 12 traded securities via 105 transactions, zero gainer and two loser were recorded, so the market breath/sentiment ended in positive sentiment. Standard Chartered Bank Ghana increased to GHS 16.30 by losing GHS 0.05 or 0.31 percent and CAL Bank Ghana sagged by 3.66 percent to end at GHS 0.79.

 On the foreign exchange market front, the Cedi traded against the US dollar at GHS 3.7779 after marginally lost GHS 0.0001 and traded at GHS 4.3123 against the Euro after up by 0.0.2 percent. The Cedi appreciated against Swiss franc to settle at 3.8746 after surging by 0.25 percent. Ghanaian currency surged by 0.05 percent to close at GHS GHS 5.9746 and soared 1.94 percent to end at GHS 0.2814 against British pound and South Africa rand respectively.