On the Ghana stock exchange
The Composite index and the Financial Stock index closed down at 3,455.97 and 3,178.88 losing 22.05 points and 15.65 points respectively at the end of last week’s trade. The overall market return based on the Composite index stood at 33.97% at the end of last week. UNIL led the list of gainers with GHS 0.60 to trade at GHS 17.50. GOIL on the other hand topped the list of laggards shedding GHS 0.16 at week close.
Trading activity in terms of volumes on the stock market decreased by 16.22% in the week under review. The total volume of shares traded fell by 970,205. Total value of shares traded also decreased by GHS 10,532,587 week on week. The top five most actively traded stocks in terms of volumes last week were AGA, SOGEGH, GGBL, EGH and GCB. CMLT, BOPP and UNIL have declared a dividend per share of GHS 0.0098, GHS 0.0628 and GHS 0.25 respectively for the 2017 financial year. It is anticipated that UNIL will record some gains this week with FML shedding off some pesewas buoyed by their financial performance in Q1-2018.
On the Ghana Alternative Market
Trading activity on the Ghana Alternative Market was hushed as no shares changed hands.
On the Currency market
The Cedi depreciated marginally against the Dollar, the British Pound and Euro at the end of the week. The local currency exchanged at a mid-rate of GHS 4.4123 to the USD, GHS 5.9730 to the GBP and GHS 5.2723 to the EURO at week close. GN research analysts posit that, the Cedi is poised to lose value marginally on the forex market in the short-term. The GCFM Cedi index, a measure of the holistic performance of the Cedi on the interbank market now records a year-to-date appreciation of 0.14%, appreciating at an average daily rate of 0.34% for the week under review.