WEEKLY MARKET REVIEW – 16TH SEPTEMBER 2022

FOREX MARKET
▪ The CEDI/USD pair devalued by 0.40% or 0.0332 pesewa to GH¢8.2897 week-on-week
▪ The CEDI/POUND pair climbed 1.23% or 0.0053 pesewa to GH¢8.2966 week-on-week.
▪ The CEDI/EURO pair capped 0.06% or 0.0457 pesewa to GH¢8.3020 week-on-week.
Source: BOG

CLOSING PREVIOUS WEEK MONTH YTD

10.0000
CURRENCY WEEK WEEK CHANGE CHANGE CHANGE
(GH¢) (GH¢) % % % 9.5000

9.0000
DOLLAR 8.2897 8.2565 0.40 -2.54 -27.55
8.5000
EURO 8.2966 8.3020 -0.06 -0.89 -17.70
8.0000
POUND 9.4586 9.5759 -1.23 3.30 -14.08
7.5000

SW. FRANC 8.5925 8.5995 -0.08 -1.07 -23.36 7.0000

RAND 0.4688 0.4766 -1.65 4.93 -19.85 6.5000

YEN 0.0580 0.0580 0.09 3.71 -10.00 6.0000

USD EURO POUND
5.5000
RENMINBI 1.1840 1.1934 -0.79 0.38 -20.20 31-Dec 31-Jan 28-Feb 31-Mar 30-Apr 31-May 30-Jun 31-Jul 31-Aug

WORLD COMODITIES MARKET

OVERVIEW (ENERGY, METALS AND AGRICULTURE)

INDEX UNITS PREVIOUS PRICE TODAY’S PRICE

BRENT CRUDE (ICE) CO1:COM USD/bbl 93.75 89.92

NATURAL GAS NG1:COM USD/MMBtu 8.13 7.62

GOLD SPOT XAUUSD:CUR USD/toz 1,726.63 1,663.71

SILVER (C0MEX) SI1:COM USD/toz 19.22 19.32

WHEAT (CBOT) W1:COM USD/Bu 865.75 842.50

COCOA (ICE) CC1:COM USD/MT 2,370.00 2,360.00

 GHANA STOCK EXCHANGE
Market activities on the Ghana Stock Exchange was characterized by huge volumes of
transactions in MTNGH, CAL, SOGHGE, EGL and SIC among others with aggressive bargains.
The stock market as a result closed with three (3) advancers and seven (7) decliners, thereby
cutting the benchmark composite index down by 8.49 points, bringing its index-point total
to 2,499.90 (Year to Date: -10.38%). The Financial Index equally lost 5.52 points to 2,073.33
index points overall (YTD change: -3.65%). In all, a total volume of 11.67 million shares with an
estimated value of GH¢12.08 million were traded in twenty-four (24) equities.

INDICATOR GSE Composite GSE Composite Market Cap (GH¢ M) Vol. Traded (M) Val. Traded (GH¢ M)
This Week 2,499.90 2,073.33 64,401.07 11.67 12.08
Year-to-Date -10.38% -3.65%
TOP TEN (10) TRADED STOCKS
Ghana Stock Index (YTD)
Ticker Volume Value (GH¢)
5.00%
MTNGH 8,779,613 7,989,447.83
0.00% CAL 1,551,509 1,143,385.87
16-Jan 16-Feb 16-Mar 16-Apr 16-May 16-Jun 16-Jul 16-Aug 16-Sep SOGEGH 529,742 577,418.78
EGL 475,071 1,520,227.20
-5.00%
SIC 175,002 57,305.20
BOPP 44,975 289,525.00
-10.00%
ALW 38,444 3,844.40
MAC 19,034 102,402.92
-15.00%
SCB 16,063 325,078.90
GSE CI
GSE FI ETI 15,370 2,305.50
-20.00%

STOCK Price Year-to-date Year Year Low 200 Days 100 Days P/E Ratio Dividend Dividend
(GH¢) YTD (%) High Yield (%) per share
(GH¢)
ACCESS 3.70 17.46 3.63 1.90 2.62 2.61 1.59 21.42% 0.7927
BOPP 6.48 -2.56 6.65 6.00 6.20 6.06 1.23 16.39% 1.0623
CAL 0.74 -14.94 0.91 0.80 0.83 0.81 1.75 14.86% 0.1100
EGH 6.75 -11.18 7.60 6.50 7.47 7.30 3.11 9.19% 0.6200
EGL 3.30 18.28 3.30 2.79 3.14 3.30 3.77 2.33% 0.0744
FML 3.00 -25.00 4.00 3.00 3.22 3.00 0.00 0.00% 0.0000
GCB 4.00 -23.66 5.24 4.05 5.04 4.86 1.69 12.50% 0.5000
GOIL 1.79 -1.65 1.82 1.79 1.81 1.81 4.03 2.63% 0.0470
MTNGH 0.91 -18.02 1.11 0.95 1.00 0.90 4.18 4.9% 0.0400
SCB 20.24 -0.30 20.30 20.30 20.30 20.30 5.57 9.09% 1.8400
SOGEGH 1.09 -9.17 1.20 0.96 1.16 1.13 3.46 0.00% 0.0000
TOTAL 4.18 -16.73 5.02 4.00 4.68 4.21 4.11 16.17% 0.6757
UNIL 5.31 -9.85 5.89 5.31 5.86 5.83 0.00 n.m 0.000
 BANK OF GHANA BILLS AND RATES
RESULTS OF TENDER 1812 HELD ON 16TH AUGUST 2022 FOR GOVERNMENT OF GHANA SECURITIES TO BE ISSUED ON 19TH AUGUST 2022.

▪ The investing Public interested in purchasing or selling GOG Securities may do so on the Secondary Market (Ghana Fixed Income
Market) through Depository Participants (including Primary Dealers)

WEIGHTED AVG. RATES FOR THE

BIDS (AMT) BIDS (AMT) WEEK 22ND - 26 TH AUG.2022 (%
RANGE OF BID RATES
SECURITIES TENDERED ACCEPTED P.A)
(% P.A)
GHs(M) GHs(M)
Discount Rate Interest Rate

91 Day Bill GH¢1,529.15 GH¢1,520.71 27.4000-28.0800 27.8262 29.9067

182 Day Bill GH¢261.74 GH¢248.92 26.5000-27.2138 26.9477 31.1441

364 Day Bill GH¢147.15 GH¢147.15 23.0000-24.0000 23.3558 30.4730

Source: BOG

Inflation Rate (33.90%) T-Bills 91 Day (29.91%)

35.00
35.50

30.00
30.50
25.00
25.50
20.00

20.50 15.00

10.00
15.50

5.00
10.50
0.00
5.50
20-Dec 20-Jan 20-Feb 20-Mar 20-Apr 20-May 20-Jun 20-Jul 20-Aug

INFLATION: Inflation climbs higher to 33.90% in August GoG Treasury rates: Growth rate in yield since the beginning
(July 2022: 31.70%). Inflation rate has surge 143.88% since of year 2022 to date (91 Day: 139.09%), (182 Day: 136.09%) and
the beginning of year to date. (354 day: 83.89%).

REFERENCE RATE: The Ghana reference rate began the year at 13.90% and increased steadily over the period to 26.50%
in September 2022, representing 90.61% year-to-date rise.
Disclaimer: This document is not intended to be an offer, or a solicitation of an offer for the sale or
as to the accuracy of the information contained herein. All opinions and estimates contained in this report may

TOP 10 STRONGEST ECONOMIES IN AFRICA

Nominal GDP Per Capita Stock Market Year-To-Date
Rank Country
(Billion US$) (US$) Index Change (%)
1 Nigeria 510.588 2,355.688 49,435.88 +15.73%
2 Egypt 435.621 4,162.081 9,763.19 -18.29%

3 South Africa 426.166 6,979.440 65,836.31 -5.51%

4 Algeria 193.601 4,294.418 - -
5 Morocco 133.062 3,628.641 12,198.68 -8.68%
6 Angola 124.862 3,792.754 - -
7 Kenya 114.679 2,251.980 135.49 -18.61%
8 Ethiopia 105.325 1,039.773 - -
9 Tanzania 77.506 1,260.065 1,873.24 -1.24%
10 Ghana 73.894 2,303.290 2,500.25 -10.36%

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Disclaimer: This document does not constitute an offer to buy or sell any securities, nor is it meant to encourage an offer to do so.
Before purchasing any security, investors are urged to consult with their respective investment houses for independent advice. This
document's facts and opinions were gathered from or arrived at after doing our best to rely on credible sources. Although great care
has been taken in the preparation of this paper, NIMED CAPITAL and the Young Investor Network, as well as any team member, make
no guarantees as to the accuracy of the information included within. This report's conclusions and projections are subject to change
after publication at any moment without prior notice.