STOCK MARKET SNAPSHOT - WEEK 06
The gains recorded in the forth trading week was extended into the fifth week as the GSE All Share Index soared on significant price shoots in mid capitalized stocks like SCB, EBG, SG-SSB and FML. In five trading days, the GSE All Share Index (GSE-I) which is the statistical measure of the performance of all listed equities on the Accra bourse recorded significant gains except for the marginal decline on Tuesday and the stability witnessed on Friday.
The GSE-I gathered an additional 23.49pts (0.42%) to close at 5,648.91pts, its highest closing value within the year so far. This brought the YTD change to +1.37% as at the close of the 5th week of trading compared to +0.95% a week earlier.
Market index performance was characterized by four gainers and five losers. Although the number of losers outweighed that of the gainers, the quantum of gains in the bulls (gainers) offset the marginal declines in the bears (losers) leading to the net gain.
Stocks in the banking, insurance, manufacturing, breweries, trading and distribution and food sectors moved the market. On the gaining side, SG-SSB led the team with a 6.67% (3 pesewas) appreciation in price to close at GH¢0.48. EBG followed with a gain of 2.92% (7 pesewas) in value to close at GH¢2.92. SCB and FML added to the list of gainers with a 0.50% (15 pesewas) and 0.17% (1 pesewa) to close at GH¢30.35 and GH¢6.06 respectively.
On the losing stream, all five losers slipped by 1 pesewa. However, PBC led the drag in percentage terms with a decline of 5.26% to close at GH¢0.18. CAL, SIC, GGBL and UNIL followed in this order to close at GH¢0.19, GH¢0.29, GH¢1.33, GH¢3.39 respectively. All other share prices remained stable.
GOIL closed the week at GH¢ 0.21 per share with a total of 700 shares being traded.
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