Stock Market Highlights
The GSE-CI declined by 6.17% this week on the back of losses in CAL (-2.44%) and MTNGH (-12.28%) to close at 2,416.36 with a 24.45% year-to-date return. Market capitalization declined by 2.73% to settle at GH¢59.28 billion.
Gains in GCB (+5.05%) pushed the financial index up by 0.49% to close at 1,898.59 with a 6.50% year-to-date return.
Activity Levels Increased
A total of 15,784,301 shares valued at GH¢25,181,378 changed hands this week compared to 6,251,368 shares valued at GH¢7,008,445 last week.
MTNGH dominated trading activity, accounting for 45.43% of total value traded.
We expect prices to pick up next week as investors take advantage of bargain stocks.
Benso Oil Palm Plantation (BOPP)
BOPP has announced that its Annual General Meeting will be held virtually and streamed live at http://www.boppltd.com on Friday, June 11, 2021 at 11am.
Investors looking to purchase/sell stocks and treasury bills can do so through SIC Brokerage Ltd.
Fixed Income Market Highlights
Treasuries were undersubscribed by 4.05% at last week’s auction. A total of GH¢953.19 million was raised in 91 day bills, GH¢168.49 million in 182 day bills and ghc104.58 million in 364 day bills compared to GH¢789.13 million in 91 day bills and GH¢124.12 million in 182 day bills at the previous auction.
The 91 day bill remained at 12.79% while the 182 and 364 day bills narrowed to close at 13.55% and 16.42%, respectively.
The target for the next auction is GH¢791 million in 91 and 182 day bills.
Activity was concentrated in the medium term (2 -10 years), accounting for 60% of trades while securities with short term maturities (less than 2 years) accounted for 32% of trading activity.
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