SIC Brokerage Limited's Weekly Capital Market Recap for the week ended 10th September, 2021

13th Sep 2021 | Source: SIC Brokerage Limited

INVESTMENT TERM OF THE WEEK

Preference shares: Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. If the company enters bankruptcy, preferred stockholders are entitled to be paid from company assets before common

EQUITY MARKET HIGHLIGHTS: The Ghana Stock Market rallies upward; returns 44.23% (YtD)
The Ghana Stock Market at the close of the week gained 46.81 points to close the week with a YTD return of 44.23% on the back of price gain made in nine (9) equities with Scancom PLC. (MTNGH) closing the week as the most traded, accounting for 92.8% of total value traded.
As a result, the benchmark GSE Composite Index (GSE-CI) closed the week at 2,800.36. The GSE Financial Stock Index (GSE-FSI) also made a gain of 29.40 points to close the week at 1,959.18 translating into a YTD return of 9.90%.
Volume traded was 4.43 million shares which represent a 29.24% increase compared to the previous week. Total value traded was GH¢5.84 million representing a 72.08% increase from previous week.

EQUITY UNDER REVIEW: FAN MILK PLC. (FML)
Share Price GH¢ 1.76
Price Change (YtD) 62.96%
Market Cap. (GH¢) GH¢ 204.52 million
Dividend Yield 0.00%
Earnings Per Share GH¢0.1188
Avg. Daily Trade Volumes 1,537
Value Traded (YtD) GH¢ 339,337.00

SUMMARY OF AUG. 2021 GFIM ACTIVITIES
GHANA FIXED INCOME MARKET
YEAR Jan.-Aug. 2021 Jan.-Aug. 2020 Change
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

GSE EQUITY MARKET PERFORMANCE

Indicator Current Week Previous Week Change
GSE-Composite Index 2,800.36 2,753.55 46.81 pts
YTD (GSE-CI) 44.23% 41.82% 1.70%
GSE-Finance Stock Index 1,959.18 1,929.78 29.40 pts
YTD (GSE-FSI) 9.90% 8.25% 1.52%
Market Cap. (GH¢ MN) 63,430.44 62,940.06 490.38
Volume Traded 4,431,278 3,428,614 29.24%
Value Traded (GH¢) 5,840,151.12 3,393,946.96 72.08%

TOP TRADED EQUITIES
Ticker Volume Value (GH¢)
MTNGH 4,303,207 5,420,211.76
GCB 22,332 120,369.48
ETI 21,207 1,484.49
EGL 15,410 31,928.00
FML 14,200 24,440.00

MTN 92.8 % of value traded

GAINERS
Ticker Close Price (GH¢) Open Price (GH¢) Change Y-t-D Change
TOTAL 4.62 4.20 10.00% 63.25%
FML 1.76 1.65 6.67% 62.96%
EGH 7.80 7.34 6.27% 8.33%
BOPP 2.60 2.51 3.59% 30.00%
SCB Pr.Shrs 0.90 0.87 3.45% 3.45%
SOGEGH 0.97 0.95 2.10% 51.56%
EGL 2.10 2.06 1.94% 50.00%
GOIL 1.60 1.57 1.91% 6.67%
MTNGH 1.26 1.24 1.61% 96.88%

SUMMARY OF AUG. 2021 EQUITY MARKET ACTIVITIES
EQUITIES
Indicator Jan.-Aug. 2021 Jan.-Aug. 2020 % Change
GSE-CI YtD CHANGE 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
DECLINERS SCB, MTNGH, CPC
Source: Ghana Stock Exchange

FIXED INCOME MARKET HIGHLIGHTS
At last week’s auction, a total of GH¢551.76 million was raised in 91-Day bills, GH¢701.86 million in 182-Day bills and GH¢1,244.07 million in 6-Year Bond compared to GH¢1,144.98 million in 91-Day bills, GH¢64.66 million in 182-Day bills and GH¢312.88 million in 364-Day bills at the previous week’s auction.
91-Day bill and 182-Day bill yields improved marginally by 0.001% and 0.017% to 12.45% and 13.20% respectively. 6-Yr bond dropped to 18.80%.
The target for the next auction is GH¢1,474 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 Q1 2021 3.10% 3.30%
Inflation August 2021 9.70% 9.00%
Reference rate September 2021 13.46% 13.51%
Source: GSS, BOG, GBA

GOG Treasuries 06th– 10th Sep. 2021 30th – 03rd Sep. 2021 Change (%)
91-Day T-Bill 12.45% 12.45% 0.001%
182-Day T-Bill 13.20% 13.20% 0.017%
364-Day T-Bill 16.10% 16.10% 0.000%
2-Year Bond 17.25% 17.25% 0.000%
BOG Offer (GH¢ MN) 1,380.00 642.62
Dealers Tender (GH¢ MN) 2,502.96 1,607.76
Amount Raised (GH¢ MN) 2,497.69 1,522.52
Source: Bank of Ghana

CURRENCY MARKET
Interbank Average Rates
Currency Closing Week Previous Week Y-t-D Change
(GH¢) (GH¢) %
DOLLAR 5.8561 5.8564 -1.64%
POUND 8.1093 8.1214 -2.90%
EURO 6.9271 6.9607 1.98%
YEN 0.0533 0.0534 4.88%
YUAN 0.9092 0.9103 -2.95%
CFA FRANC 94.6944 94.2379 -1.94%
Source: Bank of Ghana

ANALYSTS
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst

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