Ghana Equity Markets | 26 Oct 2015: Ghana equity starts in red, GSE All Share index marginally down, market cap drops US$2 Mill …

Accra, Ghana, Capital Markets in Africa — The Ghana Stock Exchange equity trading opened the week in negative territory as indices and market capitalization down. The market capitalization declined by GHS 5.8 million (about US$1.5 million) to close at GHS 62,057 million relatively to a market capitalization of GHS 62,063 recorded at the previous trading session.

The benchmark composite index marginally lost 1.60 points or 0.05 percent to close the day at 1,986.31 points, representing a year-to-date performance 0f -12.15 percent. The financial Index remained unchanged to trade at 1,914.45 points with a year-to-date return of -14.67 percent.

From the market activity perspective, the total volume was 81,326 (a rise of about 6.79 percent from the previous trading session total volume of 76,156 shares) and total traded value was GHS 413,426 (a rise of about 6.69 percent compared with the previous trading session value of GHS 387,499 million). Fan Milk Ghana recorded 55,200 shares (almost 67.87 percent of the total volume) to value at GHS 402,960 (about 97.47 percent of the total value traded). Other most actively traded stocks were ALUWORK Ghana (recorded 14,700 shares at GHS 1,176), Societe Generale Ghana (recorded a volume of 890 shares valued at GHS 6,102), CAL Bank (registered 2,500 shares valued at GHS 1,950) and UT Bank Ghana (traded 800 shares with total value of GHS 60). The top five most actively traded stocks by volume accounted for almost 91 percent of the total volume and about 97 percent of the total value traded.

Looking at the price movers and shakers, out of the 13 traded securities via 38 transactions, zero gainers and one loser were recorded, so the market breath/sentiment ended in the negative zone.  Fan Milk Ghana sagged to GHS 7.30 by losing GHS 0.05 or 0.68 percent. 

On the foreign exchange market front, the Cedi traded against the US dollar at GHS 3.7865 after gaining by 0.23 percent and traded at GHS 4.1711 against the Euro after gaining 1.48 percent. The Cedi also gained value against Swiss franc to settle at GHS 3.8764 by appreciating by 0.88 percent. Ghanaian currency added 0.66 percent to close at GHS 5.8764 and by adding by 1.97 percent to end at GHS 0.2774 against the British pound and South Africa rand respectively.