Weekly Capital Market Recap Week Ending 03-09-21 – BusinessGhana

This post was originally published on this site

INVESTMENT TERM OF THE WEEK

Capital Gains: Capital gain is an economic concept defined as the profit earned on the sale of a financial asset which has increased in value over the holding period.

EQUITY MARKET HIGHLIGHTS: The Ghana Stock Market inches up; returns 41.82% (YtD)
The Ghana Stock Market at the close of the week gained 13.71 points to close the week with a YTD return of 41.82% on the back of price gain made by six (6) equities. Cal Bank PLC (CAL) closed the week with the highest value traded representing 42.2% of total value traded.
As a result, the benchmark GSE Composite Index (GSE-CI) closed the week at 2,753.55. The GSE Financial Stock Index (GSE-FSI) however made a gain of 15.68 points to close the week at 1,929.78 translating into a Year-to-Date (YTD) return of 8.25%.
Volume traded was 3.39 million shares which represent about 2.31% increase compare to the previous week. Total value traded stood at GH¢3.39million representing about 32.77% reduction from previous weeks value. Market Capitalization increased to close the week at GH¢62.94 billion representing 15.75% growth for the year.

EQUITY UNDER REVIEW: SCANCOM PLC. (MTNGH)
Share Price GH¢1.24
Price Change (YtD) 93.75%
Market Cap. (GH¢) 15,240.19
Dividend Yield 2.42%
Earnings Per Share GH¢0.1413
Avg. Daily Trade Volumes 1,842,380
Value Traded (YtD) GH¢264,548,267.00

MTNGH released its Half Year 2021 financial results. The company reported a growth of 24.9% in Total Revenue to GH¢3.6 billion as Profit Before Tax improved to GH¢1.3 billion representing a 35.5% growth from previous year. The company also reported an increase in active data subscribers by 1.8% to 11.4 million but a decrease in active Mobile Money users by 1.9% to 10.5 million.

GSE EQUITY MARKET PERFORMANCE

Indicator Current Week Previous Week Change
GSE-Composite Index 2,753.55 2,739.84 13.71 pts
YTD (GSE-CI) 41.82% 41.11% 1.73%
GSE-Finance Stock Index 1,929.78 1,914.10 15.68 pts
YTD (GSE-FSI) 8.25% 7.37% 11.94%
Market Cap. (GH¢ MN) 62,940.06 62,629.27 310.79
Volume Traded 3,428,614 3,351,046 2.31%
Value Traded (GH¢) 3,393,946.96 5,048,548.19 -32.77%

TOP TRADED EQUITIES

Ticker Volume Value (GH¢)
CAL 1,991,399 1,433,852.28
MTN 695,287 862,155.88
ETI 388,247 27,177.29
GCB 89,921 484,674.19
UNIL 73,960 423,279.24

Cal Bank 42.2 % of value traded

GAINERS
Ticker Close Price (GH¢) Open Price (GH¢) Change Y-t-D Change
FML 1.65 1.40 17.86% 52.78%
ETI 0.07 0.06 16.67% -12.50%
UNIL 5.90 5.64 4.61% -28.83%
EGL 2.06 1.99 3.52% 47.14%
GOIL 1.57 1.55 1.29% 4.67%
EGH 7.34 7.33 0.14% 1.94%

SUMMARY OF JULY 2021 EQUITY MARKET ACTIVITIES
EQUITIES
Indicator Jan.-Jul. 2021 Jan.-Jul. 2020 % Change
GSE-CI YtD CHANGE 39.95% -16.81%
VOLUME 349.5 M 332.6 M 5.08
VALUE (GH¢) 341.22 M 235.38 M 44.97
GSE-CI 2,717.30 1,877.64 44.70
MKT. CAP. (GH¢M) 62,248.75 52,722.06 18.07
ADVANCERS ETI, GGBL, BOPP, TOTAL, SOGEGH, FML, MTNGH
DECLINERS GCB, CPC, UNIL
Source: Ghana Stock Exchange

SUMMARY OF JULY 2021 GFIM ACTIVITIES
GHANA FIXED INCOME MARKET
YEAR Jan.-Jul. 2021 Jan.-Jul. 2020 Change
VOLUME 127,069,023,662 59,540,472,289 113.42%
VALUE (GH¢) 132,201,660,679.01 60,738,827,520.89 117.66%
Source: Ghana Stock Exchange

FIXED INCOME MARKET HIGHLIGHTS
At last week’s auction, a total of GH¢1,144.98 million was raised in 91-Day bills, GH¢64.66 million in 182-Day bills and GH¢312.88 million compared to GH¢1,051.31 million in 91-Day bills and GH¢156.49 million in 182-Day bills at the previous week’s auction.
91-Day bill and 182-Day bill yields declined marginally to 12.45% and 13.20% respectively.
The target for the next auction is GH¢1,380 million in 91- and 182-Day bills.

KEY ECONOMIC INDICATORS
Indicator Current Previous
Monetary Policy Rate July 2021 13.50% 13.50%
Real GDP Growth Q1 2021 3.10% 3.30%
Inflation July 2021 9.00% 7.80%
Reference rate August 2021 13.51% 13.55%
Source: GSS, BOG, GBA

GOG Treasuries 30th – 03rd Sep. 2021 23rd – 27th Aug. 2021 Change (%)
91-Day T-Bill 12.45% 12.46% -0.012%
182-Day T-Bill 13.20% 13.22% -0.029%
364-Day T-Bill 16.10% 16.11% -0.014%
2-Year Bond 17.25% 17.25% 0.00%
BOG Offer (GH¢ MN) 642.62 1,643.00
Dealers Tender (GH¢ MN) 1,607.76 1,208.70
Amount Raised (GH¢ MN) 1,522.52 1,208.70
Source: Bank of Ghana

CURRENCY MARKET
Interbank Average Rates
Currency Closing Week Previous Week Y-t-D Change
(GH¢) (GH¢) %
DOLLAR 5.8564 5.8502 -1.64%
POUND 8.1214 8.0449 -3.04%
EURO 6.9607 6.8984 1.49%
YEN 0.0534 0.0532 4.68%
YUAN 0.9103 0.9037 -3.06%
CFA FRANC 94.2379 95.0883 -1.47%
Source: Bank of Ghana

ANALYSTS
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst

Disclaimer – SIC Brokerage and its employees do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own Investment advisor and conducting his or her own research and due diligence. SIC Brokerage disclaims any and all liabilities in the event that any Information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

This post was originally published on *this site*