DURATION OF INVESTMENT OF THE WEEK
Enterprise value (EV): Enterprise value (EV) is a measure of the total value of a business. EV includes in its calculation the market capitalization of a company but also the short and long term debt as well as any cash on the balance sheet of the company. Enterprise value is a popular metric used to value a business for a potential takeover.
HIGHLIGHTS OF THE EQUITY MARKET: The GSE composite index has fallen by 51.44 points for a return of 50.37% since the start of the year.
The GSE Composite Benchmark (GSE-CI) at the end of the week under review fell 51.44 points to close at 2,919.56, resulting in a YTD return of 50.37% as two (2) stocks posted gains versus two (2) declines during the week. The GSE Financial Stock Index (GSE-FSI), however, gained 5.43 points to close at 2,078.89, resulting in an annual return of 16.61%.
Market cap at the end of the week decreased by GH ¢ 538.41 million to close trading at GH ¢ 64.84 billion, growing 19.26% in 2021.
A total of 11.03 million shares worth GH ¢ 15.07 million traded; an 86.89% increase in traded volumes and 112.71% in traded values compared to the previous week. Scancom automaton. (MTNGH) recorded most trades, accounting for 82.34% of the total traded value.
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.
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst
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