Finance

CAL Bank sheds 14.29% on the Ghana Stock Exchange

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.

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

The tables below show the equities that traded the highest volume and value of shares

 

Source: Bertha Atubiga

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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