CAL Bank Sheds 14.29% On The Ghana Stock Exchange

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Eight days into the month of October, the Ghana Stock Exchange (GSE) saw 58,219 shares trading at a market value of GHS 68,976.16. Closing with an all losers market; the worth of the exchange declined by 0.37% (GHS 207.22million) to end the day at GHS 56,091.17 million. CAL Bank (CAL) was the top loser on the exchange with the share price depreciating by 4.55% (GHS 0.04) to end the day at GHS 0.84 per share.

CAL has lost 6.67%, 16.00%, 20.00% and 28.81% in the last 4 weeks, 3 months, 6 months and 1year respectively. The equity has lost 14.29% from the beginning of the year till date (Year-to-date). It is however, one of the liquid equities on the exchange.

In two of the last ten trading days on the GSE, CAL added a total of 9 pesewas and lost a combined 7 pesewas in three of those days. In the other days the share price did not see any changes. It traded 60,040 shares as the highest volume within this same period (27th September, 2019).

Ten equities participated in today’s’ trading session with four equities losing on their opening share prices.

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The broader market index (Composite Index) currently records a week-to-date loss of 0.58%, a four week loss (1 month) of 2.98%. The level of the Composite Index dropped to 2,189.25 points after shedding 0.91% (20.16 points) by close of day. The year-to-date return is pegged at 14.89%.

The GSE Financial Stocks Index (GSE-FSI) also declined by 0.81% (15.26 points) to 1,864.10 points, the index has lost 1.4% and 4.68% in a week and a month respectively. It records a year-to-date decline of 13.45%.

Below is a table showing the laggards by close of today’s trade