Weekly Capital Market Recap Week ending 24.09.2021.



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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

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 result in an investment or other losses.

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