Analyst:

Francis Kofi Oduro

Godwin Kojo Odoom

Tel: +233 (0)30 225 1137

WEEKLY MARKETS UPDATE Email: stockbrokers@umbcapital.com

Week ending 16th April, 2021

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

EQUITY MARKET This Week 2,301.79 1,840.99 58,088.58 14.09 18.20

PERFORMANCE Previous Week 2,301.35 1,835.25 58,083.97 3.62 3.72
Change 0.44 5.73 4.62 10.47 14.48

YTD 18.55% 3.27%

INVESTMENT TERM OF THE WEEK

Bull Market: A bull market is the condition of a financial market in JUSTIFICATION FOR INCLUDING STOCKS IN
which prices are rising or are expected to rise. The term "bull
AN INVESTMENT PORTFOLIO

market" is most often used to refer to the stock market and a bull -Typically,stocks outperform all other investment
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.
closes higher; returns 18.55% (YtD)
-Except for a few short periods, stocks have consistently
Trading activity during the week saw the market indices extend outpaced the rate of inflation.
gains registered in the previous week due to appreciations in the MOVING AVERAGES OF ACTIVELY TRADED
values of four equities; Cal Bank PLC. (CAL), FanMilk PLC. (FML), STOCKS
Current Prices Vs. 200, 100 & 50 Days Moving Averages
Total Petroleum (TOTAL) and Enterprise Group Limited (EGL).
Indicator Price (GH¢) 200 Days 100 Days 50 Days
At the closing bell, the Year-to-Date return of the GSE Composite CAL 0.69 0.70 0.72 0.73
SOGEGH 0.75 0.67 0.70 0.74
Index improved to 18.55%.
MTNGH 0.93 0.66 0.73 0.82
EGH 7.00 6.75 6.76 7.17
Trade turnover was also given a boost on the back of significant
SCB 18.16 15.93 17.05 18.15
trades in the shares of Cal Bank PLC. (CAL). A total volume of 18.2 GOIL 1.51 1.52 1.51 1.51
TOTAL 3.20 2.62 2.90 3.10
million shares valued at GH¢14.09 million exchanged hands in GCB 4.50 3.98 4.26 4.48
fifteen (15) equities. ETI 0.07 0.07 0.08 0.07

GAINERS TOP TRADERS UMBS PICKS

Ticker Price (GH¢) Change Y-t-D Ticker Volume Value (GH¢) Ticker Price
Change (GH¢)
CAL 10,582,306 6,851,267
CAL 0.69 7.81% 0.00% MTNGH 0.93
MTNGH 7,444,217 6,922,732
FML 1.12 2.75% 3.70%
SOGEGH 57,089 42,830 GOIL 1.51
TOTAL 3.20 1.59% 13.07%
EGL 1.46 0.69% 4.29% TOTAL 29,609 94,749 GCB 4.50
FML 24,763 27,671 SCB 18.16
DECLINERS
Y-t-D
EGH 7.00
Ticker Price (GH¢) Change
Change
UNIL 5.46 -9.90% -34.14%
 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 5.7319 5.7294 0.49 Aug'20 -1.65
Jul'20 -1.17
POUND 7.9221 7.8662 -0.60 Jun'20 -2.12
EURO 6.8664 6.8097 2.88 May'20 -7.60
Apr'20 -2.73
YEN 0.0527 0.0523 6.17 Mar'20 -2.36
RENMINBI 0.8790 0.8742 0.39 -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 12th– 16th 6th– 9th Change 14th
– 17th Country 16-04-21 Year Open Change Y-t-D
Apr. 2021 Apr. 2021 (%) Apr. 2020 Botswana 6,551.83 6,879.35 -327.52 -4.76%
91-Day T-Bill 12.79% 12.85% -0.015% 13.88% (BGSMDC)
182-Day T-Bill 13.53% 13.62% -0.072% 14.13% Egypt 10,358.62 11,003.77 -645.15 -5.86%
(EGX 30)
364-Day T-Bill 16.45% 16.57% 0.000% 16.79%
Kenya 165.08 152.11 12.97 8.53%
3-Year Bond 17.70% 17.70% 0.000% 20.75% (NSE ASI)
BOG Offer 950.00 1,540.00 677.00 Nigeria 38,808.81 40,270.72 -1,461.91 -3.63%
(GH¢ MN) (NGSE ASI)
Dealers Tender 886.47 1,170.88 1,606.51 South 68,698.78 59,408.68 9,290.10 15.64%
Africa (JSE ASI)
(GH¢ MN)
Source: Bloomberg
Amount Raised 886.47 1,170.67 1,358.78
(GH¢ MN)
Source: Bank of Ghana OTHER ECONOMIC DATA
Treasury rates yield (12th April - 16th 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 March 2021 10.30%
16.45% 16.25% Reference rate April 2021 14.24%
Source: GSS, BOG, GBA
15.00% 12.79% 13.53%

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
MKT. CAP. (GH¢M) 57,162.18 55,985.55 2.10
Interbank Average Rates
Commodity This Week Previous Week Change ADVANCERS MTNGH, SOGEGH, TOTAL, EGL,
Y-t-D (%)
Brent Crude Oil (USD/bbl)
FML
66.77 62.95 3.82 28.90%
DECLINERS CAL, UNIL, ETI
Natural Gas (USD/MMBtu) 2.68 2.53 0.15 5.51%
GHANA FIXED INCOME MARKET (GFIM)
Gold Spot (USD/oz) 1,774.45 1,743.80 30.65 -6.53% TRADE VOLUMES
Silver (Comex) 26.14 25.33 0.81 -1.02% YEAR March March % Change
Wheat (USD/bu) 655.00 640.50 14.50 2.26% 2021 2020
Cocoa (USD/tonne) 2,379.56 2,384.33 -4.77 -1.85% 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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