Analyst:

Francis Kofi Oduro

Godwin Kojo Odoom

Tel: +233 (0)30 225 1137

WEEKLY MARKETS UPDATE Email: stockbrokers@umbcapital.com

Week ending 04th June, 2021

Indicator GSE Composite Index GSE Financial Index Market Cap (GH¢ M) Value Traded (GH¢ M) Volume Traded (M)

EQUITY MARKET This Week 2,602.76 1,912.30 61,234.21 6.13 4.59

PERFORMANCE Previous Week 2,421.11 1,902.90 59,333.16 19.34 20.32
Change 181.64 9.39 1,901.05 -13.21 -15.73

YTD 34.05% 7.27%

INVESTMENT TERM OF THE WEEK

Dividend: Dividend refers to a reward, cash or otherwise, that a
company gives to its shareholders. Dividends can be issued in
various forms, such as cash payment, stocks or any other form. It is
usually a part of the profit that the company shares with its
shareholders.
EQUITY MARKET FLASH: The GSE Composite Index
trends upward; returns 34.05% (YtD)
Trading activity during the week saw the market indices extend
gains registered in the previous week due to appreciations in the
prices of five (5) equities.
JUSTIFICATION FOR INCLUDING STOCKS IN
AN INVESTMENT PORTFOLIO
-Typically,stocks outperform all other investment
options over any ten-year period making them a
must for long-term portfolio.
-They are excellent vehicles for retirement plans.
-Except for a few short periods, stocks have
consistently outpaced the rate of inflation.
MOVING AVERAGES OF ACTIVELY TRADED
STOCKS
Current Prices Vs. 200, 100 & 50 Days Moving Averages

Indicator Price (GH¢) 200 Days 100 Days 50 Days

At the closing bell, the Year-to-Date return of the GSE Composite
CAL 0.73 0.72 0.75 0.74
Index improved to 34.05%. SOGEGH 0.88 0.70 0.76 0.80
MTNGH 1.15 0.74 0.88 1.00
Trade turnover however was low compared to previous week. EGH 7.00 6.67 7.12 7.04
SCB 18.57 16.43 18.00 18.21
A total volume of 4.59 million shares valued at GH¢6.13 million
GOIL 1.55 1.51 1.51 1.52
exchanged hands in seventeen (17) equities. TOTAL 3.30 2.77 3.11 3.21
GCB 5.22 4.19 4.59 4.77
ETI 0.07 0.07 0.07 0.07
TOP TRADERS
Ticker Volume Value (GH¢)
GAINERS
MTNGH 3,722,970 4,169,737 Ticker Price (GH¢) Change Y-t-D Change
MTNGH 1.15 15.00% 79.69%
EGL 549,172 953,511
EGL 1.75 14.38% 25.00%
SOGEGH 116,318 101,834 SOGEGH 0.88 1.15% 37.50%
EGH 75,655 529,585 TOTAL 3.30 0.92% 16.61%
SCB 18.50 1.65% 13.86%
CAL 36,319 26,513
 GSE Composite Index: Monthly Return (%) : May 2020 - May 2021

15.73

8.57
6.76
4.41
0.54 0.56

May'20 Jun'20 Jul'20 Aug'20 Sep'20 Oct'20 Nov'20 Dec'20 Jan'21 Feb'21 Mar'21 Apr'21 May'21
-2.12 -1.17 -1.65 -1.04 -1.01
-5.48
-7.60

MONEY MARKET HIGHLIGHTS

Treasury rates yield (31st May - 04th June 2021)
GOG 31st – 04th 24th – 28th Change 01st – 05th
Treasuries Jun. 2021 May, 2021 (%) Jun. 2020 25.00%
91-Day T-Bill 12.71% 12.78% -0.074% 13.95% 19.80% 19.75%
20.00% 18.50% 17.70% 19.25%
182-Day T-Bill 13.43% 13.51% -0.076% 14.06% 16.49% 16.25%
364-Day T-Bill 16.49% 16.49% 0.000% 16.88%
3-Year Bond 17.70% 17.70% 0.000% 18.85% 15.00% 12.71% 13.43%
BOG Offer 1,281.00 1,177.00 875.00
10.00%
(GH¢ MN)
Dealers Tender 1,241.76 1,852.67 925.23
5.00%
(GH¢ MN)
Amount Raised 1,241.76 1,817.56 921.23
0.00%
(GH¢ MN)
91-Day 182-Day 364-Day 2-Year 3-Year 6-Year 7-Year 10-Year 15-Year
Source: Bank of Ghana Bill Bill Bill Note Bond Bond Bond Bond Bond

CURRENCY MARKET UMBS PICKS

Interbank Average Rates Ticker Price (GH¢) Reason
Currency Closing Previous Y-t-D MTNGH 1.15 Improving Bids
Week Week Change
GOIL 1.55 Has upside price potential
(GH¢) (GH¢) %
DOLLAR 5.7470 5.7416 0.23 GCB 5.22 Improving Bids
SCB 18.57 Has upside price potential
POUND 8.1427 8.1408 -3.30
TOTAL 3.30 Has upside price potential
EURO 6.9927 6.9947 1.02
YEN 0.0525 0.0523 6.48
RENMINBI 0.8988 0.9016 -1.82 OTHER ECONOMIC DATA
Source: Bank of Ghana Indicator
Monetary Policy Rate May 2021 13.50%
Real GDP Growth Q4 2020 3.30%
Inflation April 2021 8.50%
Reference rate June 2021 13.80%
Source: GSS, BOG, GBA

Disclaimer: This document is not intended to be an offer, or a solicitation of an offer for the sale or purchase of any security. The information and opinions contained in this document have been compiled from
or arrived at in good faith from sources believed to be reliable. Whilst care has been taken in preparing this document, no representation is given and no responsibility or liability by UMB Stockbrokers (UMBS),
any member of UMBS or UMB Capital as to the accuracy of the information contained herein. All opinions and estimates contained in this report may be changed after publication at any time without notice.
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