Societe Generale Ghana posts 51.5% YTD return on local bourse
Financial institution, Societe Generale Ghana Plc (SOGEGH), on Tuesday gained Ghs 0.02 on the Ghana Stock Exchange (GSE) to close at Ghs 0.97.
The new share price of SOGEGH represents a year-to-date (YTD) return of 51.56 percent on the stock for investors.
Price appreciation in SOGEGH equity on Tuesday resulted in a 2.47 percentage points increase in the GSE Financial Stock Index (GSE-FSI) to close at 1,932.54 translating into a YTD return of 8.40 percent.
The benchmark GSE Composite Index (GSE-CI) also gained 1.35 percentage points to close at 2,760.41 translating into a YTD return of 42.17 percent.
Market capitalization of the local bourse appreciated by Ghs 14.19 million to close trading at Ghs 63.01 billion, representing a YTD growth of 15.88 percent.
A total volume of 42,010 shares valued at Ghs 128,842.12 was traded among seven (7) equities with GCB Bank (GCB) recording a significant portion of trades in both volume and value as it accounted for 47.7 percent and 83.7 percent of the total volume and total value traded respectively.
Details of the Daily Equity Market report of SIC Brokerage: