Analyst:

Francis Kofi Oduro

Godwin Kojo Odoom

Tel: +233 (0)30 225 1137

WEEKLY MARKETS UPDATE Email: stockbrokers@umbcapital.com

Week ending 9th April, 2021

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

EQUITY MARKET This Week 2,301.35 1,835.25 58,083.97 3.62 3.72

PERFORMANCE Previous Week 2,213.29 1,845.92 57,162.18 1.62 1.48
Change 88.06 -10.66 921.78 2.00 2.24

YTD 18.53% 2.94%

INVESTMENT TERM OF THE WEEK

Bull Market: A bull market is the condition of a financial market in JUSTIFICATION FOR INCLUDING STOCKS IN
AN INVESTMENT PORTFOLIO
which prices are rising or are expected to rise. The term "bull
-Typically,stocks outperform all other investment
market" is most often used to refer to the stock market and a bull
options over any ten-year period making them a must for
market tend to last for months or even years. long-term portfolio.

EQUITY MARKET FLASH: The GSE Composite Index -They are excellent vehicles for retirement plans.
rallies; returns 18.53% (YtD)
-Except for a few short periods, stocks have consistently
The stock market at the close of the week gained 88.06 points to outpaced the rate of inflation.
2,301.35; representing a Year-to-Date return of 18.53% which is an MOVING AVERAGES OF ACTIVELY TRADED
impressive return compared to -5.40% (YtD) recorded same period STOCKS
Current Prices Vs. 200, 100 & 50 Days Moving Averages
last year.
Indicator Price (GH¢) 200 Days 100 Days 50 Days
Scancom PLC. (MTNGH) lead the advancers with a 9.41% gain to
CAL 0.64 0.70 0.72 0.74
close at GH¢0.93 which is a new year-high for the stock. Enterprise SOGEGH 0.75 0.66 0.69 0.73
Group Limited and Standard Chartered Bank PLC. also gained 0.69% MTNGH 0.93 0.65 0.72 0.80
EGH 7.00 6.76 6.66 7.19
and 0.06% to close at GH¢1.45 and GH¢18.16 respectively. SCB 18.16 15.89 16.90 18.12
GOIL 1.51 1.52 1.51 1.51
A total volume of 3.72 million shares valued at GH¢3.62 million TOTAL 3.15 2.60 2.86 3.06
exchanged hands in thirteen (13) equities with Scancom Plc. GCB 4.50 3.96 4.22 4.48
ETI 0.07 0.07 0.08 0.08
(MTNGH) recording the lion’s share of trades.

GAINERS TOP TRADERS UMBS PICKS

Ticker Price (GH¢) Change Y-t-D Ticker Volume Value (GH¢) Ticker Price (GH¢)
Change
MTNGH 3,263,099 2,976,604 MTNGH 0.93
MTNGH 0.93 9.41% 45.31%
CAL 367,867 232,323 GOIL 1.51
EGL 1.45 0.69% 3.57%
TOTAL 24,329 76,636 GCB 4.50
SCB 18.16 0.06% 11.34%
EGH 22,703 160,284 SCB 18.16
DECLINERS EGL 10,570 15,327
Y-t-D EGH 7.00
Ticker Price (GH¢) Change
Change
EGH 7.00 -2.78% -2.78%
 GSE Composite Index: Monthly Return (%) : Mar. 2020 - Mar. 2021
CURRENCY MARKET Mar'21 0.56
Interbank Average Rates Feb'21 8.57
Jan'21 4.41
Currency Closing Previous Y-t-D Dec'20 6.76
Week Week Change Nov'20 -1.01
(GH¢) (GH¢) % Oct'20 -1.04
Sep'20 0.54
DOLLAR 5.7294 5.7298 0.54 Aug'20 -1.65
Jul'20 -1.17
POUND 7.8662 7.9201 0.10 Jun'20 -2.12
EURO 6.8097 6.7370 3.74 May'20 -7.60
Apr'20 -2.73
YEN 0.0523 0.0518 6.99 Mar'20 -2.36
RENMINBI 0.8742 0.8725 0.94 -9.00 -7.00 -5.00 -3.00 -1.00 1.00 3.00 5.00 7.00 9.00
Source: Bank of Ghana
Percent Return (%)

MONEY MARKET HIGHLIGHTS OTHER AFRICAN STOCK MARKETS

GOG Treasuries 6th
– 9th 29th– 01st Change 6th
– 9th Country 09-04-21 Year Open Change Y-t-D
Apr. 2021 Apr. 2021 (%) Apr. 2020 Botswana 6,524.43 6,879.35 -354.92 -5.16%
91-Day T-Bill 12.85% 12.85% -0.035% 13.88% (BGSMDC)
182-Day T-Bill 13.62% 13.62% -0.011% 14.13% Egypt 10,303.58 11,003.77 -700.19 -6.36%
(EGX 30)
364-Day T-Bill 16.57% 16.57% -0.126% 16.79%
Kenya 158.59 152.11 6.48 4.26%
3-Year Bond 17.70% 17.70% -0.000% 20.75% (NSE ASI)
BOG Offer 1,540.00 666.00 1,099.00 Nigeria 38,866.89 40,270.72 -1,403.83 -3.49%
(GH¢ MN) (NGSE ASI)
Dealers Tender 1,170.88 1,095.92 1,635.10 South 57,191.17 59,408.68 -2,217.51 -3.73%
Africa (JSE ASI)
(GH¢ MN)
Source: Bloomberg
Amount Raised 1,170.67 1,095.92 1,635.10
(GH¢ MN)
Source: Bank of Ghana OTHER ECONOMIC DATA
Treasury rates yield (6th April - 9th April, 2021) Indicator
Monetary Policy Rate February 2021 14.50%
25.00%
Real GDP Growth Q3 2020 -1.10%
19.80% 19.75%
20.00% 18.50% 17.70% 19.25% Inflation February 2021 10.30%
16.45% 16.25% Reference rate March 2021 14.34%
Source: GSS, BOG, GBA
15.00% 12.81% 13.61%

10.00%
SUMMARY OF MARCH 2021 MARKET
ACTIVITIES
5.00% EQUITIES
Currency March March % Change
0.00% 2021 2020
91-Day 182-Day 364-Day 2-Year 3-Year 6-Year 7-Year 10-Year 15-Year VOLUME 57.70 M 14.01 M 311.88
Bill Bill Bill Note Bond Bond Bond Bond Bond
VALUE (GH¢) 48.46 M 11.38 M 326.07
COMMODITIES MARKET GSE-CI 2,213.29 2,159.61 2.49
Interbank Average Rates MKT. CAP. (GH¢M) 57,162.18 55,985.55 2.10
Commodity This Week Previous Week Change ADVANCERS MTNGH, SOGEGH, TOTAL, EGL,
Y-t-D (%)
Brent Crude Oil (USD/bbl)
FML
62.95 64.86 -1.91 21.53%
DECLINERS CAL, UNIL, ETI
Natural Gas (USD/MMBtu) 2.53 2.64 -0.11 -0.39%
GHANA FIXED INCOME MARKET (GFIM)
Gold Spot (USD/oz) 1,743.80 1,730.60 13.20 -8.14% TRADE VOLUMES
Silver (Comex) 25.33 24.99 0.34 -4.09% YEAR March March % Change
Wheat (USD/bu) 640.50 611.00 29.50 0.00% 2021 2020
Cocoa (USD/tonne) 2,384.33 2,409.33 -25.00 -1.65% VOLUME 26.69 B 8.23 B 224.36
Source: Bloomberg, ICCO Source: Ghana Stock Exchange

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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