GSE Financial Stock Index gains; returns 16.1% to investors
The GSE Financial Stock Index (GSE-FSI) recorded an impressive week as it gained for 5 straight days, adding 17.69 points to close at 2,070.00 points and translating into a year-to-date (YTD) return of 16.11% for investors.
The recorded gains by the GSE-FSI were due to share price appreciation in stocks of banks listed on the local bourse.
Banks that attributed to the gains in the GSE-FSI were mainly GCB and CAL Bank.
Meanwhile, the stock market dropped by 20.81 points in the week under review as the benchmark GSE Composite Index (GSE-CI) closed the week at 2,847.90 translating into a YTD return of 46.68%.
In all, there were eighteen (18) stocks traded in the week as MTNGH accounted for 71.7% of the total value traded.
A total of 5.24 million shares valued at GH¢7.46 million were traded, representing a significant increase of 153.09% and 90.64% respectively compared to the previous week.
On the stock market, there were four gainers against five decliners causing the bourse’ market capitalization to decrease by GH¢217.78 million to close trading at GH¢64.09 million.
Peruse details of equity report by SIC Brokerage below:
Weekly Capital Market Recap Week Ending 15.10.2021 by Fuaad Dodoo on Scribd
