Weekly Capital Market Report 21.01.22


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.


  • 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


Godwin Kojo Odoom: Senior Research Analyst

Edna Awurama Fosua: Analyst

Nelson Cudjoe Kuagbedzi: Analyst

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