Ghana Equity Watch | 4 Aug 2015: Ghana Equity stays in red … indices and market cap drops

Accra, Ghana (Capital Markets in Africa):- The Ghanaian Stock Exchange (GSE) on Tuesday continued to stay in red, so the market capitalization fell by GHS 8.33 million to close at GHS 62,784 million relative to market capitalization of GHS 62,792 million recorded at previous trading session.

The benchmark composite index marginally lost 1.56 points or 0.07 percent to close the day at 2,179.92 points, representing a year- to- date performance 0f -3.59 percent. The financial Index also slightly declined by1.92 points or 0.09 percent to trade at 2,214.24 points with a year-to-date return of -1.31 percent.

From the market activity perspective, the total volume was 47,770 (a fall of about 83.31 percent from previous trading session total volume of 286,171 shares) and total traded value was GHS 201,615 (a reduction of about 19.59 percent compared with previous trading session value of GHS 250,732).  Ghana Commercial Bank had 12,478 shares (almost 26.12 percent of the total volume) to value at GHS 52,403 (about 25.99 percent of the total value traded). Other most actively traded stocks were Enterprise Group (recorded 10,600 shares at GHS 21,200 about 10.52 percent), Standard Chartered Bank (recorded a volume of 4,186 shares valued at GHS 79,300), Guinness Ghana (registered 4,100 shares valued at GHS 1,580) and Fan Milk Ghana (traded 2,928 shares with total value of GHS 17,068). The top five most actively traded stocks by volume accounted for almost 72 percent of the total volume and about 86 percent of the total value traded.

Looking at the price movers and shakers, out of the 17 traded securities via 111 transactions, one gainer and four laggards were recorded, so the market breath/sentiment ends negative. The Fan Milk Ghana was the lone gainer by surging to GHS 5.83 by gaining GHS 0.01 or 0.17 percent. The losers were Ecobank Bank dropped to GHS 8.14 from GHS 8.15 resulting to 0.12 percent drops and Standard Chartered Bank plunged by 0.21 percent to end at GHS 18.94. Other losers were Guinness Ghana also went down by 0.36 percent to end at GHS 2.74 and Ghana Commercial Bank tumbled by 4.55 percent to settle at GHS 4.20.