Stock Quote: A stock quote is the price of a stock as quoted on an exchange. A basic quote for a specific stock provides information, such as its bid and ask price, last traded price, and volume traded. A stock quote is generally displayed with supplemental information, such as high and low prices for a given security in a day or its change in value. Pricing displayed with a stock quote reflects the buying and selling activity that influences the value of a given security.

ETFs: GREAT DEAL FOR INVESTORS

An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other assets, but which can be purchased or sold on a stock exchange the same as a regular stock.

New Gold ETF (GLD), an exchange-traded fund sponsored by Absa Capital, offers the opportunity to invest in gold bullion.

The company issues listed instruments (structured as debentures) backed by physical gold. Each debenture is approximately equivalent to 1/100 ounces of gold bullion, which is held with a secure depository on behalf of investors. The debentures are listed on the Ghana Stock Exchange (GSE) and six other African stock exchanges.

The current share price of New Gold ETF (GLD) is GH¢245.10.

EQUITY MARKET HIGHLIGHTS: The Ghana Stock Market slips -94.55 points over the week to close at 2,365.89; returns -15.18% YTD.

Market activity for the week declined slightly by 94.55 points to close at 2,365.89 points translating into a YTD return of -15.18%. The GSE Financial Stock Index (GSE-FSI) however maintained its level to close at 2,068.16 points translating into a YTD return of -3.89%.

Twenty-Three (23) equities traded over the week, ending with two (2) gainers and two (2) decliners. GLD and BOPP were the gainers as they gained GH¢53.50 and GH¢0.01 to close trading at GH¢245.10 and GH¢6.91 respectively. GOIL and MTNGH were the decliners as they shed off GH¢0.01 and GH¢0.08 to close trading at GH¢1.76 and GH¢0.80 respectively. As a result, Market Capitalization declined by GH¢831.66 million to close the trading week at GH¢63.65 billion.

A total of 550,652 shares valued at GH¢20,555,072.32 were traded during the week. Compared with the previous trading week, this week’s data shows an 84.47% decrease in volume traded and a 65.52% decrease in trade turnover. Scancom PLC. (MTNGH) emerged as the most traded stock at the close of trading session, accounting for 65.10% of overall trade volume, whilst NewGold (GLD) accounted for 96.99% of the total value traded.

GSE EQUITY MARKET PERFORMANCE

KEY ECONOMIC INDICATORS

    Source: GSS, BOG, GBA

SBL RECOMMENDED PICKS

EQUITY UNDER REVIEW:

NewGold. (GLD)

    Source: Ghana Stock Exchange, SBL Research

     Source: Bloomberg

    Source: Bank of Ghana

    Source: Bloomberg, Bullion by Post, ICCO

JUSTIFICATIONS FOR INCLUDING STOCKS IN A PORTFOLIO

• Typically, stocks outperform all other investment options over a ten-year period making them a must for long term portfolio.
• They are excellent vehicles for retirement.

Except for a few short periods, stocks have consistently outpaced the rate of inflation

ANALYSTS

Godwin Kojo Odoom: Senior Research Analyst

Obed Owusu Sackey: Analyst

Wisdom Asigbetse: Analyst

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