Stock Market Highlights
The benchmark index gained 7.50% following gains in five counters in the banking, petroleum marketing, insurance and telecommunication sectors to close the week the at 2,602.76 with a 34.05% year-to-date return. Market capitalization increased by 3.20% to settle at GH¢61.23 billion.
The financial index increased by 0.49% to close at 1,912.30 with a 7.27% year-to-date return.

Activity Levels Declined
A total of 4,593,103 shares valued at GH¢6,134,158 changed hands this week compared to 20,620,856 shares valued at GH¢19,535,175 last week.
MTNGH dominated trading activity, accounting for 67.98% of total value traded.

Outlook
We expect prices to pick up next week as investors take advantage of bargain stocks.
Benso Oil Palm Plantation (BOPP)
BOPP has announced that its Annual General Meeting will be held virtually and streamed live at http://www.boppltd.com on Friday, June 11, 2021 at 11am.

Investors looking to purchase/sell stocks and treasury bills can do so through SIC Brokerage Ltd.

Fixed Income Market Highlights
Primary Market
Treasuries were undersubscribed by 13.34% at last week’s auction. A total of GH¢1,468.33 million was raised in 91 day bills, GH¢99.85 million in 182 day bills and GH¢249.38 million in 364 day bills as compared to GH¢ 467.45 million in 91 day bills, GH¢152.12 million in 182 day bills at the previous auction.
The 91 day bill narrowed by 7bps to 12.70% while the 182 day bill averaged 13.42% from 13.50% in the previous week.
The target for the next auction is GH¢1,281 million in 91 and 182 day bills.

Secondary Market
Activity was concentrated in the medium term (2 -10 years), accounting for 48.3% of trades while securities with short term maturities (less than 2 years) accounted for 36.9% of trading activity.

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