INVESTMENT DURATION OF THE WEEK
Bear market: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which security prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
STOCK MARKET HIGHLIGHTS: Ghana Stock Market Rebounds; gained 27.49 points over the week to close at 2,789.52; returns 0.01% since the beginning of the year.
The benchmark GSE Composite Index (GSE-CI) at the end of the week improved 27.49 points to close at 2,789.52, translating to a YTD yield of 0.01%. The GSE Financial Stock Index (GSE-FSI) also rose 7.27 points to close the week at 2,154.03, translating to a YTD yield of 0.10%. Trust Bank Gambia Ltd. (TBL), Enterprise Group PLC. (EGL) and Scancom PLC. (MTNGH) at the end of the week gained 0.03 GH¢, 0.21 GH¢ and 0.02 GH¢ respectively. Market capitalization also increased by GH¢287.70 million during the week to close the trading week at GH¢64.50 billion.
A total of 2.4 million shares worth GH¢3.4 million were traded during the week, compared to 1.5 million shares worth GH¢2.3 million ¢ that traded the previous week.
Scancom automaton. (MTNGH) saw the most trades for a third consecutive week, as it accounted for 84.0% of the total value traded.
RATIONALE FOR INCLUSION OF EQUITIES 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, equities have consistently exceeded the rate of
ANALYSTS
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst
Disclaimer – SIC Brokerage and its employees make no guarantees or other promises as to the results that may be obtained from using our content. No one should make an investment decision without first consulting their own investment advisor and conducting their own research and due diligence. SIC Brokerage declines all responsibility in the event that information, comments, analyses, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in investment or other losses.
