Five (5) equities at the end of trading session on the Ghana Stock Exchange (GSE) last week – June 4, 2021 – recorded gains in their share prices.
The pack of five gainers was led by MTN Ghana with a share price appreciation of 15 percent with a positive year-to-date change of 79.69 percent.
At the closing bell last week, MTN’s share price had appreciated to Ghs 1.15 pesewas.
Closely following MTN Ghana was Ecobank Ghana Limited (EGL) with a share price appreciation of 14.38 percent and a positive year-to-date change of 25 percent.
EGL ended last week’s trading session with a share price of Ghs 1.75 pesewas.
The remaining three (3) equities that recorded gains on the bourse include; Societe-Generale Ghana, Standard Chartered and Total.
The 3 equities recorded 1.15 percent, 1.65 percent and 0.92 percent gains in share prices respectively, ending last week’s trading session with share prices of Ghs 0.88 pesewas, Ghs 18.50 pesewas and Ghs 3.30 pesewas respectively.
With regards to losers on the bourse, there were no recorded losers or laggards at the closing bell of last week’s trading session.
Meanwhile, trading activity during the week saw market indices extend gains registered in the previous week due to appreciations in the prices of the five (5) equities.
At the closing bell, the Year-to-Date return of the GSE Composite Index improved to 34.05 percent.
Trade turnover however was low compared to previous week. A total volume of 4.59 million shares valued at Ghs 6.13 million exchanged hands in seventeen (17) equities.
MTN Ghana led all equities on the bourse in terms of both volume and value of trade. It recorded 3.7 million trade volume and Ghs 4.1 million trade value.
Find below Universal Merchant Bank’s (UMB) review of Ghana’s financial market for the week ending on June 4, 2021: