Ghana Equity Watch | 18 Aug 2015: Ghanaian Stock Exchange equities end in negative, market cap drops to GHS 63.06 billion

Accra, Ghana (Capital Markets in Africa):- On Tuesday the Ghanaian Stock Exchange (GSE) equities ended in bearish mood, as a result the market capitalization fell by GHS 6 million to close at GHS 63,064 million relative to market capitalization of GHS 63,070 million recorded at previous trading session.

The benchmark composite index lost by 1.19 points or 0.06 percent to close the day at 2,155.49 points, representing a year-to-date performance 0f -4.67 percent. The financial Index also declined by 4.22 points or 0.19 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 145,214 (a rise of about 128 percent from previous trading session total volume of 63,735 shares) and total traded value was GHS 138,038 (a rise of about 80 percent compared with previous trading session value of GHS 76,578). Ecobank Transnational Incorporation Togo recorded 111,000 shares (almost 76 percent of the total volume) to value at GHS 33,300 (about 24.12 percent of the total value traded). Other most actively traded stocks were SIC Insurance Ghana (recorded 9,100 shares at GHS 1,547), Enterprise Group (recorded a volume of 7,604 shares valued at GHS 15,366), Ghana Oil (registered 5,590 shares valued at GHS 9,839) and Fan Milk Limited (traded 5,000 shares with total value of GHS 29,502). The top five most actively traded stocks by volume accounted for almost 95 percent of the total volume and about 65 percent of the total value traded.

Looking at the price movers and shakers, out of the 15 traded securities via 99 transactions, two gainers and one loser were recorded, so the market breath/sentiment ended positive. Standard Chartered Ghana fell to GHS 17.31 by losing GHS 0.22 or 1.25 percent. Ghana Oil surged to GHS 1.76 from GHS 1.72 by gaining 2.33 percent and Ecobank Ghana climbed by 0.37 percent to end at GHS 8.13.