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INVESTMENT TERM OF THE WEEK
Santa Claus Rally: A Santa Claus Rally is one where stocks climb higher in the final seven trading sessions of a year plus the first two trading days of the New Year. Its precise cause however has never been greatly explained.
EQUITY MARKET HIGHLIGHTS The Ghana Stock Market gains for another week running; gains 5.93 points to return 45.13% YTD.
The benchmark GSE Composite Index (GSE-CI) at the close of the week under review gained 5.93 points to close at 2,817.74 translating into a YTD return of 45.13%. The GSE Financial Stock Index (GSE-FSI) also gained 74.95 points to close at 2,151.85 translating into a YTD return of 20.70%. There were three (3) gainers as against three (3) decliners, as this resulted in Market Capitalization increasing by GH¢889.51 million over the week to close trading at GH¢64.8 billion representing a growth of 19.16% in 2021.
A total of 5.03 million shares valued at GH¢7.2 million traded during the week, a decline in trade turnover compared to the 9.5 million shares valued at GH¢ 12.2 million which traded the previous week.
Scancom PLC. (MTNGH) recorded the most trades for another
JUSTIFICATIONS FOR INCLUDING STOCKS IN A PORTFOLIO
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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