INVESTMENT TERM OF THE WEEK
Bear Market: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
The benchmark GSE Composite Index (GSE-CI) at the close of the week improved by 27.49 points to close at 2,789.52 translating into a YTD return of 0.01%. The GSE Financial Stock Index (GSE-FSI) also inched up by 7.27 points to close the week at 2,154.03 translating into a YTD return of 0.10%. Trust Bank Gambia Ltd. (TBL), Enterprise Group PLC. (EGL) and Scancom PLC. (MTNGH) at the close of the week gained GH¢0.03, GH¢0.21 and GH¢0.02 respectively. Market Capitalization also increased by GH¢287.70 million over the week to close the trading week at GH¢64.50billion
A total of 2.4 million shares valued at GH¢3.4 million traded during the week compared to 1.5 million shares valued at GH¢2.3 million which traded the previous week.
Scancom PLC. (MTNGH) recorded the most trades for a third week running as it accounted for 84.0% of the total value traded.
JUSTIFICATIONS FOR INCLUDING STOCKS IN A PORTFOLIO
Except for a few short periods, stocks have consistently outpaced the rate of
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst
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