Weekly Capital Market Recap Week ending 24.09.2021.


DURATION OF THE WEEK’S INVESTMENT

Price-to-earnings (P / E) ratio: The price-to-earnings (P / E) ratio is one of the most used tools by investors and analysts to determine the relative valuation of a stock. The P / E ratio is used to determine whether a stock is overvalued or undervalued. A company’s P / E can also be compared to other stocks in the same industry or to the entire market.

HIGHLIGHTS OF THE EQUITY MARKET: The GSE Composite Index (GSE-CI) fell by 118.05 points; returns 37.92% year-to-date.
At the end of the week under review, the benchmark GSE Composite (GSE-CI) lost 118.05 points to close at 2,677.88, resulting in a cumulative return of 37.92%. made the second consecutive weekly decline. The GSE Financial Stock Index (GSE-FSI) appreciated 23.45 points during the week to close at 2,006.00, also translating into an annual return of 12.52%, making it the second consecutive weekly gain. Four stocks made gains in the week, with FanMilk recording daily price gains over the week, totaling a return of 42.71%.
A total of 5.06 million shares worth GH ¢ 7.66 million were traded, representing a decrease of 48.2% and 42.5% respectively from the previous week. Market cap also declined to close the week at GH ¢ 62.31 billion as eighteen (18) shares were traded with CAL Bank (CAL) representing 28.54% of total traded value.

STUDY EQUITY: FAN MILK PLC. (FML)
GH share price ¢ 2.74
Price Change (YtD) 153.7%
Market capitalization. (GH ¢) GH ¢ 318.41 million
Dividend yield 0.00%
Earnings per GH share ¢ 0.1188
Avg. Daily trading volumes 4,239
Traded Value (YtD) GH ¢ 2,191,195.00

SUMMARY OF AOT. GFIM 2021 ACTIVITIES
FIXED INCOME MARKET IN GHANA
YEAR Jan-Aug. 2021 Jan-Aug. Change 2020
VOLUME 140 964 497 583 65 251 333 273 116.03%
VALUE (GH ¢) 146 623 859 868.39 66 558 222 713.51 120.29%
Source: Ghana Stock Exchange

PERFORMANCE OF THE GSE EQUITY MARKET

Indicator Current week Previous week Change
GSE composite index 2,677.88 2,795.93 -118.05 pt
YTD (GSE-CI) 37.92% 44.00% -13.82%
GSE-Financial stock market index 2,006.00 1,982.55 23.45
YTD (GSE-FSI) 12.52% 11.21% 11.69%
Market capitalization. (GH ¢ MN) 62 314.15 63 549.56 -1 235.41
Volume traded 5,065,892 9,777,266 -48.19%
Traded value (GH ¢) 7 666 730.42 13 327 264.51 -42.47%

MOST NEEDED ACTIONS
TTY volume value (GH ¢)
CAL 2 957 548 2 188 585.52
GOIL 912 343 1,459,748.80
FML 490,000 1,260,042.76
MTNGH 381 691 464 789.14
EGH 265,229 2,071,427.34

Cal Bank 28.5% of the traded value

GAINERS & DIMINISHERS
Ticker Price close (GH ¢) Price opening (GH ¢) Variation YtD Variation
MLF 2.74 1.92 42.71% 153.70%
SOGEGH 1.25 1.04 20.19% 95.31%
BOPP 2.86 2.60 10.00% 43.00%
EGH 7.81 7.80 0.13% 8.47%
RBGH 0.43 0.45 -4.44% 7.50%
MTNGH 1.12 1.24 -9.68% 75.00%
CPC 0.02 0.03 -33.33% -33.33%

SUMMARY OF AOT. 2021 EQUITY MARKET ACTIVITIES
ACTIONS
Jan-Aug indicator. 2021 Jan-Aug. 2020% change
VARIATION GSE-CI YtD 41.66% -18.19%
VOLUME 370.19 M 378.65 M -2.23
VALUE (GH ¢) 368.71 M 272.55 M 35.28
GSE-CI 2,750.37 1,846.59 48.94
MKT. CAP. (GH ¢ M) 62,904.96 52,568.06 19.66
ADVANCERS UNIL, ETI, FML, EGL, TOTAL, EGH, BOPP, CAL
SCB, MTNGH, CPC DROPS
Source: Ghana Stock Exchange

HIGHLIGHTS OF THE FIXED INCOME MARKET
In last week’s auction, a total of GH 454.83 million was raised in 91-day bills, GH 696.38 million in 182-day bills and GH 916.78 million in 2-day bills. years, compared to GHG 878.41 million in 91-day notes. , GH ¢ 137.25 million in 182-day bills and GH ¢ 191.60 million in 364-day bills in the previous week’s auction.
The 91-day bills fell 0.002% to close at 12.49% interest rate. The interest rate on the 182-day notes increased from 0.042% to 13.22% and the yield on the 2-year notes improved from 0.250% to 17.50%.
The next auction target is GH ¢ 972 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 Q2 2021 3.90% 3.10%
Inflation August 2021 9.70% 9.00%
Reference rate September 2021 13.46% 13.51%
Source: GSS, BOG, GBA

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