Enterprise Value (EV): Enterprise value (EV) is a measure of a company's total value. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet. Enterprise value is a popular metric used to value a company for a potential takeover.

EQUITY MARKET HIGHLIGHTS: GSE Composite Index drops by 51.44 points to return 50.37% YTD.

The benchmark GSE Composite Index (GSE-CI) at the close of the week under review dropped by 51.44 points to close at 2,919.56 translating into a YTD return of 50.37% as two (2) equities recorded gains against two (2) decliners during the week. The GSE Financial Stock Index (GSE-FSI) however gained 5.43 points to close at 2,078.89 translating into a YTD return of 16.61%.

The Market Capitalization at the close of the week decreased by GH¢538.41 million to close trading at GH¢64.84 billion representing a growth of 19.26% in 2021.

A total of 11.03 million shares valued at GH¢15.07 million traded; an increase of 86.89% in volumes traded and 112.71% in values traded as compared to the previous week. Scancom PLC. (MTNGH) recorded most trades, accounting for 82.34% of the total value traded.

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

ANALYSTS

Godwin Kojo Odoom: Senior Research Analyst

Edna Awurama Fosua: Analyst

Nelson Cudjoe Kuagbedzi: Analyst

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