Ghana Equity Markets | 8 Sep 2015: Ghana Stock Exchange equity markets move to positive ..

Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed in positive momentum, as a result the market capitalization rose by GHS 54 million to close at GHS 62,894 million relative to market capitalization of GHS 62,840 recorded at previous trading session.

The benchmark composite index added 9.52 points or 0.45 percent to close the day at 2,103.61 points, representing a year-to-date performance 0f -6.96 percent. However, the financial Index sagged by 1.96 points or 0.09 percent to trade at 2,163.76 points with a year-to-date return of -3.56 percent.

From the market activity perspective, the total volume was 502,353 (a fall of about 45.28 percent from previous trading session total volume of 918,005 shares) and total traded value was GHS 1.570 million (a rise of about 127.91 percent compared with previous trading session value of GHS 688,903). Ecobank Transnational Incorporation Togo recorded 251,159 shares (almost 50 percent of the total volume) to value at GHS 77,859 (about 4.96 percent of the total value traded). Other most actively traded stocks were Fan Milk Ghana (recorded 216,100 shares at GHS 404,650), Guinness Ghana (recorded a volume of 20,000 shares valued at GHS 44,000), Ghana Commercial Bank (registered 8,927 shares valued at GHS 35,974) and CAL Bank (traded 4,650 shares with total value of GHS 3,623). The top five most actively traded stocks by volume accounted for almost 99.7 percent of the total volume and about 36 percent of the total value traded.

Looking at the price movers and shakers, out of the 14 traded securities via 70 transactions, two gainers and one loser were recorded, so the market breath/sentiment ended positive. Fan Milk Ghana rose to GHS 6.50 by adding GHS 0.51 or 8.51 percent. CAL Bank surged to GHS 0.78 from GHS 0.77 by gaining 1.30 percent but Standard Chartered Bank went down by 0.60 percent to end at GHS 16.62.

On the foreign exchange market front, the Ghanaian Cedi continued to drop against major trading currencies. The Cedi traded against the US dollar at GHS 3.7083 and traded at GHS 4.1397 against the Euro by falling by 0.37 percent. The Cedi also added value against Swiss franc to settle at GHS 3.8019 by adding 0.03 percent. Ghanaian currency dropped by 0.52 percent to close at GHS 5.6634 but by grew by 0.92 percent to end at GHS 0.2656 against British pound and South Africa rand respectively.