Market Watch
Today’s market session saw activity across 09 tickers.
Total trade volume and value was 21,902,448 and GHS 12,302,265.67 (~USD 2,134,646.33) respectively.
There was 1 gainer and 3 losers today. MTNGH led the losers with a 5.08% drop to close at GHS 0.56 per share whilst CAL inched up by 2 pesewas to close at GHS 0.73 per share.
The highest volume and value of shares traded today was 21,832,100 of MTNGH valued at GHS 12,223,260.00 (~USD 2,120,937.54).
Stock Tickers
| Stock
|
Previous Price 'GHS
|
Closing Price 'GHS
|
PE(x)
|
|
Change
|
Change (%)
|
| CAL
|
0.71
|
0.73
|
2.5
|
↑
|
+0.02
|
+4.48
|
| TOTAL
|
2.37
|
2.35
|
4.0
|
↓
|
-0.02
|
-0.84
|
| EGL
|
1.43
|
1.40
|
3.2
|
↓
|
-0.03
|
-2.10
|
| MTNGH
|
0.59
|
0.56
|
8.9
|
↓
|
-0.03
|
-5.08
|
Indices
The GSE-CI (decreased by 35.04 points) and the GSE-FSI (increased by 1.33) closed at 1,869.20 and 1,736.12 respectively.
YTD of the GSE-CI and GSE-FSI are recorded at -17.19% and -14.04% respectively.
GCB grants moratorium and reduces personal loan interest
GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. The bank has also granted a two-month moratorium for both the principal and interest repayment on personal loans. The measures form part of extensive efforts by the bank to lessen the impacts of the new coronavirus (COVID-19) on its customers and Ghanaians in general.
The Managing Director of GCB Bank, Anselm Ray Sowah, stated that: “As Ghana’s largest indigenous bank, we have the mandate to seek the interest and well-being of Ghanaians and to be at the forefront of Ghana’s socio-economic drive. Commenting on the initiative, Head of Consumer Banking-GCB Bank, Mr. John Adamah, stated that the bank is conscious of the hardships coronavirus is inflicting on Ghanaians through low productivity, job and salary cuts culminating in reduced household income, adding that this is a direct intervention aimed at helping individuals to meet pressing personal needs.
(https://www.ghanaweb.com/GhanaHomePage/business/GCB-grants-moratorium-and-reduces-personal-loan-interest-989599)
Currency News
The local unit closed at 5.2918/5.2970 against the US Dollar on the interbank market.
Average Open: 5.6529
Average Close: 5.6529
Day % Ch GHS/USD: 0.00%
1-Month %Ch GHS/USD: -0.67%
3-Month %Ch GHS/USD: -3.80%
YTD Cedi Depreciation Against USD: -2.11%
52 Week Range: 5.2515– 5.6529