Weekly Capital Market Report, week ending 06-01-22

0

DURATION OF THE WEEK’S INVESTMENT

Wallet: It is a collection of investments held by an organization or individual, and managed as a collective whole with specific investment objectives in mind.

EQUITY MARKET HIGHLIGHTS: The Ghana stock market lost 46.98 points to close at 2,742.336; returns -1.68% year-to-date.

The benchmark GSE Composite (GSE-CI) at the end of the week fell 46.98 points to close at 2,742.36, resulting in a YTD return of -1.68%. The GSE financial stock index (GSE-FSI), meanwhile, remained stable to close the week at 2,151.85, resulting in a YTD return of 0.00%. Scancom automaton. (MTNGH) at the end of the week lost 0.04 GH ¢ to close at 1.07 GH ¢, causing the market cap to drop GH ¢ 487.71 million during the week to close the trading week opening of the year at GH ¢ 64 billion

A total of 25.06 million shares valued at GH ¢ 26.52 million were traded during the week, compared to 5.08 million shares valued at GH ¢ 6.72 million. ¢ which were traded the previous week.

Scancom automaton. (MTNGH) recorded the highest number of trades, accounting for 99.6% and 99.0% of total traded value and volume respectively.

JUSTIFICATIONS FOR INCLUDING STOCKS IN A PORTFOLIO

  • Typically, stocks outperform all other investment options over a ten-year period, making them a must-have for a long-term portfolio.
  • They are excellent vehicles for retirement.

With the exception of a few short periods, stocks have consistently outperformed the rate.

ANALYSTS

Godwin Kojo Odoom: Senior Research Analyst

Edna Awurama Fosua: Analyst

Nelson Cudjoe Kuagbedzi: Analyst

Disclaimer – SIC Brokerage and its employees make no warranties or other promises as to the results that may be obtained by using our content. No one should make an investment decision without first consulting their own investment advisor and performing their own research and due diligence. SIC Brokerage declines all responsibility in the event that Information, comments, analyzes, opinions, advice and / or recommendations prove to be inaccurate, incomplete or unreliable, or lead to an investment or other losses.

Share.

About Author

Comments are closed.