Ghana Equity Markets | 27 Aug 2015: Ghana Stock Exchange equity markets ended in negative territory … investors lose 5 million dollar

Accra, Ghana, Capital Markets in Africa — On Thursday, the Ghana Stock Exchange equity markets ended in negative territory. The market capitalization was recorded at GHS 63,513 million after plunging by GHS 21 million (about US$5.2) relative to market capitalization of GHS 63,534 million recorded at previous trading session.

The benchmark composite index shaved off 0.18 points or 3.89 percent to close the day at 2,144.15 points, representing a year-to-date performance 0f -5.17 percent. In the same mood, financial Index sagged by 7.63 points or 0.38 percent to trade at 2,123.80 points with a year-to-date return of -5.34 percent.

From the market activity perspective, the total volume was 157,102 (a fall of about 52.88 percent from previous trading session total volume of 333,419 shares) and total traded value was GHS 287,414 (down by 15.57 percent compared with previous trading session value of GHS 340,401). Ghana Oil had 65,510 shares (almost 41.70 percent of the total volume) to value at GHS 124,457 (about 43.30 percent of the total value traded). Other most actively traded stocks were Societe Generale (recorded 25,500 shares at GHS 36,990), Aluworks Limited (recorded a volume of 25,500 shares valued at GHS 1,020), Ghana Commercial Bank(registered 4,7235 shares and  valued at GHS 19,082) and Standard Chartered (traded 4,239 shares with total value of GHS 72,231). The top five most actively traded stocks by volume accounted for almost 90 percent of the total volume and about 88 percent of the total value traded.

Looking at the price movers and shakers, out of the 15 traded securities via 89 transactions, 2 gainer and 3 losers were recorded, so the market breath/sentiment ended negative. Ghana Oil ended at GHS 1.90 after gaining GHS 0.04 or 2.15 percent and Fan Milk Ghana surged by 0.17 percent to end at GHS 5.95. On the losers’ league Aluworks Limited Ghana sagged to GHS 0.04 by falling by GHS 0.01 or 20.00 percent, Ecobank Ghana ended at GHS 8.03 by losing 1.11 percent and Societe Generale plunged by 1.10 percent to close at GHS 0.90.

On the foreign exchange market front, the Ghanaian Cedi ended weaker against major trading currencies. The Cedi traded against the US dollar at GHS 4.0600 by losing 0.28 percent and traded at GHS 4.6233 against the Euro after falling by 0.05 percent. The Cedi also lost value against Swiss franc to settle at GHS 4.2894 by losing 0.56 percent. Ghanaian currency added 0.61 percent to close at GHS 6.3164 and surged by 0.42 percent to end at GHS 0.3089 against British pound and South Africa rand respectively.