INVESTMENT TERM OF THE WEEK
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
Except for a few short periods, stocks have consistently outpaced the rate of
Godwin Kojo Odoom: Senior Research Analyst
Edna Awurama Fosua: Analyst
Nelson Cudjoe Kuagbedzi: Analyst
Disclaimer - SIC Brokerage and its employees do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own Investment advisor and conducting his or her own research and due diligence. SIC Brokerage disclaims any and all liabilities in the event that any Information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.