RESEARCH TEAM

DAILY EQUITY RESEARCH SELASI KOFI ADU

JOHN RANDY NANI

REPORT RAYMOND SARPONG

THE INVESTMENT HOUSE, 18 NOI FETREKE STREET – AIRPORT RESIDENTIAL

research@fincaps.net Thursday, 12`thMay, 2022
GhanaPostGPS: GA – 118 – 5893 | +233 208 362 477

GHANA STOCK YEAR CURREN PREVIO YTD VARIANC MOST TRADED STOCK FOR THE DAY (TOP
EXCHANGE INDICES OPEN T US (%) E (PTS) 5)
Volume Value Traded
GSE Composite Index (GSE- 2,789.34 2,561.64 2,585.13 (8.16) (23.49) STOCK
Traded (GHS)
CI) ` MTNGH 14,718,639 13,248,125.26
Financial Stocks Index (FSI) 2,151.85 2,205.98 2,205.98 2.52 0.00 SIC 150,866 37,716.50
Source: Ghana Stock Exchange (GSE)
VARIANCE TOTAL 40,161 158,209.50
DAILY MARKET STATISTICS CURRENT PREVIOUS
(%) CAL 5,686 4,846.32
Total Volumes Traded (shares) 14,922,914 615,521,764 (97.58) ETI
Source: Ghana Stock Exchange (GSE) 4,576 869.44
Total Value Traded (GHS) 13,462,343.72 566,210,012.63 (97.62) COMMENTARY OF DAY’S TRADING
Source: Ghana Stock Exchange (GSE) ACTIVITIES
Market Capitalization (GHS’ million) 62,506.56 62,752.37 (0.39)
The Index dropped points further at the back of
TOP FIVE (5) GAINERS TOP FIVE (5) LAGGARDS
selling pressures on MTN Stocks. The composite
CURRE CURRE index recording a YTD loss 8.16%.
PREVIO PREVIO
STOCK NT PTS STOCK NT PTS There were no gainers for today.
US (GHS) US (GHS)
(GHS) (GHS) Other Trade Executions: GOIL (1,802 shares at
MTNGH 0.90 0.92 0.02 GHS 3,279.00), EGH (543 shares at GHS 4,126.80),
SCB (253 shares at GHS 5,135.90) and PBC (200 shares
at 4.00).

GSE COMPOSITE INDEX VS FINANCIAL STOCKS INDEX NEWS & ANNOUNCEMENTS

The Minerals Income Investment Fund (MIIF) has
announced plans to list 49% of Agyapa Royalties on the
London Stock Exchange and the Ghana Stock Exchange.
According to the Chief Executive Officer of MIIF,
Edward Nana Yaw Koranteng, the listing will raise
between $450 million and $700 million which will be
directed at investing in infrastructure and other social
amenities, especially in the mining communities.
Source:
https://www.myjoyonline.com/miif-to-list-49-of-agyapa-royalties-
on-london-and-ghana-bourses/

TREASURY BILL RATES (9 th

May – 13th May, 2022)

YEAR DISCOU INTERES

TENO
INTERBANK OPEN NT RATE T RATE YTD
BUY SELL MID-RATE YTD R
VARIANCE
(As at 11th May 2022) (%) (%) (%)
USD ($) 7.1107 7.1179 7.1143 18.45% 91-Day
0.0007 12.5256 17.1150 17.8800 42.75%

GBP (£) 8.7491 8.7585 8.7538 7.71% 0.0037

182-Day 13.2114 17.1896 18.8059 42.35%
EURO (€) 7.4881 7.4955 7.4918 9.72% (0.0004)
364-Day 16.6438 17.1171 20.6521 24.08%

Source: Bank of Ghana (BOG) – Auction No. 1797

Source: Bank of Ghana (BOG)

MACROECONOMICS YEAR OPEN PREVIOUS CURRENT INVESTMENT QUOTES

YTD
Inflation 12.6% 19.4% 23.6% 87.3%
“Whatever method you use to enter trades, the most
Monetary Policy Rate 14.5% 14.5% 17.0% 17.24%
critical thing is that if there is a major trend, your
GDP Growth Rate incl. oil 6.6% (3Q21) 6.6% (3Q21) 7.0% (4Q21) 6.06%
approach should assure that you get in that trend”
GDP Growth (Non-Oil) 8.6% (3Q21) 8.6% (3Q21) 7.6% (4Q21) (11.63%)
Sources: Ghana Statistical Service (GSS), Bank of Ghana (BOG) and Ministry of Finance and Economic Planning (MoFEP)
— Richard Dennis
“I have found that when the market's going down,
and you buy funds wisely, at some point in the
INVESTMENT BANKING | GLOBAL MARKETS | RESEARCH
future,
you will be happy. You won't get there by
reading. Now is the time to buy” — Peter Lynch
Disclosure: This document has been prepared for information purposes only and as such the opinions contained herein are not to be taken as an advice or recommendation to buy or sell any investment or interest thereto. Dependence
upon information in this document is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by Fincap Securities Limited for its own intent. The findings of such research are
being made accessible as additional information and do not inevitably reflect the views of Fincap Securities Limited.
© Copyright 2022 FINCAP RESEARCH PUBLICATIONAll rights reserved
 RESEARCH TEAM

DAILY EQUITY RESEARCH SELASI KOFI ADU

JOHN RANDY NANI

REPORT RAYMOND SARPONG

THE INVESTMENT HOUSE, 18 NOI FETREKE STREET – AIRPORT RESIDENTIAL

research@fincaps.net Thursday, 12`thMay, 2022
GhanaPostGPS: GA – 118 – 5893 | +233 208 362 477

COMMODITIES YEAR OPEN PREVIOUS CURRENT YTD

(As at 11th May 2022)

Crude Oil ($/barrel) 77.86 102.46 107.51 38.08

Gold ($/t.ounce) 1,828.40 1,840.27 1,852.97 1.34
Cocoa ($/tonne) 2,526.33 2,454.33 2,498.33 (1.11)
Sources: Average Figures from Bloomberg, Reuters and CME

INVESTMENT BANKING | GLOBAL MARKETS | RESEARCH

Disclosure: This document has been prepared for information purposes only and as such the opinions contained herein are not to be taken as an advice or recommendation to buy or sell any investment or interest thereto. Dependence
upon information in this document is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by Fincap Securities Limited for its own intent. The findings of such research are
being made accessible as additional information and do not inevitably reflect the views of Fincap Securities Limited.
© Copyright 2022 FINCAP RESEARCH PUBLICATIONAll rights reserved