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Market Report Market Report November 2017 MARKET HIGHLIGHTS GSE STOCK INDICES/CAPITALIZATION NOV 2017 YTD CHANGE NOV 2016 YTD CHANGE GSE COMPOSITE INDEX (GSE-CI) 2,521.67 49.29% 1,575.71 -21.01% GSE FINANCIAL STOCK INDEX (GSE-FSI) 2,228.29 44.19% 1,397.86 -27.57% MARKET CAPITALIZATION (GH¢ M) 58,503.37 10.91% 50,917.09 10.85% DOMESTIC CAPITALIZATION (GH¢ M) 15,875.06 41.93% 9,084.99 -18.78% MARKET TURNOVER - EQUITIES NOV 2017 NOV 2016 VOLUME TRADED 17,841,085 8,530,830 VALUE TRADED (GH¢) 40,884,976.08 13,779,065.36 NUMBER OF TRANSACTIONS 1,432 1,784 TRADING DAYS 22 22 NUMBER OF TRADED SYMBOLS 28 33 MARKET DAILY AVERAGES - EQUITIES NOV 2017 NOV 2016 AVERAGE VOLUME TRADED 810,958 387,765 AVERAGE VALUE TRADED (GH¢) 1,858,408.00 626,321.15 AVERAGE NUMBER OF TRANSACTIONS 65 81 MARKET TURNOVER - EQUITIES JAN TO NOV 2017 JAN TO NOV 2016 VOLUME TRADED 315,712,633 123,776,938 VALUE TRADED (GH¢) 503,131,084.08 233,285,598.39 NUMBER OF TRANSACTIONS 19,753 19,385 TRADING DAYS 229 230 NUMBER OF TRADED SYMBOLS 39 43 MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS NOV 2017 NOV 2016 CORPORATE - - GOG NOTES AND BONDS (GH¢ M) *** 1,045.19 789.79 MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS JAN-NOV 2017 JAN-NOV 2016 CORPORATE - - GOG NOTES AND BONDS (GH¢ M) *** 12,237.91 - LISTINGS NOV 2017 NOV 2016 LISTED COMPANIES 40 39 LISTED EQUITIES ORDINARY SHARES 36 35 DEPOSITORY SHARES 1 1 PREFERENCE SHARES 1 1 EXCHANGE TRADED FUNDS 1 1 FOUR (4) EQUITIES ON GHANA ALTERNATIVE MARKET (GAX) 4 4 DELISTINGS-EQUITIES NOV 2017,NOV 2016) 0 0 NUMBER OF LISTED NOTES & BONDS ON GFIM NOV2017 NOV 2016 CORPORATE 38 20 1 YEAR GOG 24 21 2 YEAR GOG 24 56 3 YEAR GOG 13 12 5 YEAR GOG 9 8 7 YEAR GOG 3 2 10 YEAR GOG 1 - 15 YEAR GOG 1 - EURO BOND (US$) 4 4 LOCAL US$ 2 YEAR BOND 2 1 BONDS NOV 2017 NOV 2016 VALUE OF LISTED NOTES & BONDS CORPORATE (GH¢ M) 5,285.02 243.98 GOG NOTES & BONDS (GH¢ M) 43,822.07 15,299.65 EURO BOND (US$ B) 3,750.00 3.53 LOCAL US$ 2 YEAR BOND (US$ m) 94.64 0.09 (1.) 2016 Volume, Value and Number of Transactions Figures Includes Transactions in GOILRT, GGBLRT GSE Market Report - November 2017 1 MARKET HIGHLIGHTS (Continuation) GSE FINANCIAL STOCK INDEX SUMMARY - 2011 TO NOV 2017 Year/Period Index Value % Change 2011 863.09 -13.69 2012 1,039.86 20.48 2013 1,786.60 71.81 2014 2,243.63 25.58 2015 1,930.06 -13.98 2016 1,545.41 -19.93% NOV 2017 2,228.29 44.19% SELECTED ECONOMIC INDICATORS NOV 2017 NOV 2016 INFLATION RATE YEAR-ON-YEAR (%) 11.70 15.50 INTEREST RATE (% ON MOST RECENT ISSUE) 91-DAY T-BILL 13.34 18.61 182-Day T-BILL 13.82 20.91 1 YEAR NOTE 15.00 2 YEAR NOTE 3 YEAR BOND 5 YEAR BOND 17.60 7 YEAR BOND EXCHANGE RATE US$ 1 to 1 GHANA CEDIS 4.59 4.03 UK£ 1 to 1 GHANA CEDIS 5.46 5.02 1 Euro to 1 GHANA CEDIS 6.20 4.27 GSE Market Report - November 2017 2 GSE INDEX SUMMARY NOV-DEC 1990 - NOV 2017 Period High Date Low Date End of Period Index % Change Nov - Dec 1990 77.65 12-Nov 70.08 Dec-21 70.08 0.00 1991 69.77 4-Jan 55.49 May-17 64.51 -7.95 1992 72.90 6-Oct 60.15 Jun-23 62.17 -3.63 1993 132.88 30-Dec 63.29 Jan-05 132.88 113.74 1994 334.02 17-May 132.91 Jan-04 298.10 124.34 1995 322.11 25-Oct 296.32 Mar-22 316.97 6.33 1996 385.80 13-Sep 307.42 Jan-12 360.76 13.82 1997 524.21 8-Dec 346.66 Jan-31 511.74 41.85 1998 1,201.08 6-May 511.66 Jan-07 868.35 69.69 1999 903.17 5-Feb 735.39 Dec-22 736.16 -15.22 2000 873.35 22-Sep 737.16 Jan-03 857.98 16.55 2001 1,025.78 1-Aug 856.00 Feb-07 955.95 11.42 2002 1,395.31 30-Dec 13.20 Jan-02 1,395.31 45.96 2003 3,553.42 31-Dec 1,395.36 Jan-02 3,553.42 154.67 2004 7,469.04 25-Aug 3,558.96 Jan-02 6,798.59 91.33 2005 6,901.36 28-Jan 4,751.17 Dec-22 4,769.02 -29.85 2006 5,006.02 29-Dec 4,692.84 Jan-31 5,006.02 4.97 2007 6,599.77 31-Dec 5,001.15 Jan-11 6,599.77 31.84 2008 10,931.36 3-Oct 6,595.92 Jan-02 10,431.64 58.06 2009 10,431.64 2-Jan 5,098.92 Aug-17 5,572.34 -46.58 2010 7,185.05 1-Jun 5,463.83 Jan-14 6,886.31 32.25 2011 1,189.77 18-May 940.04 Dec-16 969.03 -3.10 2012 1,199.72 31-Dec 968.08 Jan-05 1,199.72 23.81 2013 2,341.60 2-Dec 1,198.29 Jan-03 2,255.52 78.81 2014 2,439.20 21-Feb 2,145.20 Jan-02 2,261.02 5.40 2015 2,386.51 9-Jun 1,954.21 Dec-11 1,994.91 -11.77 2016 2,013.81 14-Jan 1,527.94 Dec-07 1,689.09 -15.33% 2017 2,557.27 22-Nov 1,698.20 Jan-03 2,521.67 49.29% (1.) Nov. 1990 to 2010 Index is the GSE All-Share Index (2.) Index from 2011 is the GSE Composite Index MARKET ACTIVITIES - NOV - DEC 1990 -NOV 2017 Volume Traded Value Traded Market Cap. - Government Corporate Bonds Period (000) (GH ¢ m) Equities (GH ¢ m.) Bonds (GH ¢ m.) (m.) Nov - Dec 1990 222.00 0.01 3.05 0.50 US$ 0 1991 1,825.80 0.01 2.96 0.50 US$ 0 1992 2,044.40 0.02 4.38 0.50 US$ 0 1993 37,945.47 0.32 9.65 0.50 US$ 0 1994 93,037.63 7.31 196.84 0.50 US$ 0 1995 55,838.60 2.71 239.90 - US$ 0 1996 35,749.99 2.79 286.27 - US$ 2.55 1997 125,629.14 9.34 255.28 - US$ 4.8 1998 91,446.52 13.40 324.56 - US$ 6.8 1999 49,568.22 6.96 320.54 - US$ 9.5 2000 30,717.09 5.06 365.50 - US$ 11.01 2001 55,295.87 9.23 390.40 100.37 US$ 10.2 2002 44,124.20 8.94 618.38 132.69 US$ 10.98 2003 96,330.00 38.93 1,261.68 144.24 US$ 8.98 2004 104,349.30 65.59 9,761.48 51.63 US$ 6.28 2005 81,400.00 46.44 9,185.73 22.50 US$ 8.78 2006 98,286.00 47.60 11,249.60 326.15 US$ 2.5 2007 287,221.70 140.71 12,368.60 1,333.07 US$ 6.4 2008 531,660.00 365.51 17,895.12 1,237.46 US$ 6.4 2009 96,767.39 74.19 15,941.92 1,039.14 US$ 3.9 2010 330,616.75 151.29 20,116.70 2,576.87 US$ 3.9 2011 419,791.08 446.56 47,347.23 3,987.44 US$ 3.9 2012 218,134.34 102.20 57,264.22 5,939.25 N/A 2013 313,024.31 456.14 61,158.29 9,260.16 N/A 2014 207,496.13 345.96 64,352.42 9,425.35 GH¢ 29.017 2015 246,428.36 247.64 57,116.87 11,767.14 GH¢ 107.37 2016 252,833.43 242.11 52,690.99 15,544.98 GH¢ 398.39 Nov 2017 315,712.63 503.13 58,503.37 43,822.07 GH¢ 5285.02 Total: Dec. 1990 to 4,223,496 3,340.08 Nov 2017 GSE Market Report - November 2017 3 MARKET ACTIVITIES - NOV 2017 Top 10 Volume Leaders Top 10 Value Leaders Symbol Traded Volume % of Total Volume Symbol Traded Value (GH¢) % of Total Value CAL 5,261,273.00 29.49 EGH 5,864,583.30 14.34 SOGEGH 2,996,364.00 16.79 FML 5,830,467.36 14.26 SIC 1,911,585.00 10.71 SCB 5,817,782.88 14.23 HFC 1,105,309.00 6.2 CAL 5,576,482.77 13.64 TOTAL 1,022,787.00 5.73 TOTAL 3,582,400.85 8.76 GGBL 1,013,371.00 5.68 GCB 3,006,152.21 7.35 EGH 776,770.00 4.35 SOGEGH 2,237,001.27 5.47 GCB 696,542.00 3.9 UNIL 2,051,541.96 5.02 ALW 515,019.00 2.89 GGBL 2,038,528.64 4.99 MLC 379,500.00 2.13 HFC 1,536,379.51 3.76 MARKET ACTIVITIES -NOV 2017 Market Capitalization - End of Months for 2016 and GSE Composite Index - End of Months for 2016 and 2017 2017 (GH¢ M) Month 2017 2016 Month 2017 2016 January 54,048.70 56,963.50 January 1,776.40 2,004.12 February 49,060.25 56,334.32 February 1,854.53 1,972.18 March 48,846.99 54,796.35 March 1,865.01 1,912.02 April 58,822.68 54,429.40 April 1,896.13 1,828.78 May 58,772.49 54,256.87 May 1,919.71 1,758.35 June 59,457.95 54,735.64 June 1,964.55 1,787.50 July 57,209.86 54,605.56 July 2,256.78 1,796.29 August 58,055.05 53,250.69 August 2,389.01 1,805.36 September 58,381.49 52,987.69 September 2,326.09 1,774.90 October 58,022.51 52,385.55 October 2,361.48 1,728.37 November 58,503.37 50,917.09 November 2,521.67 1,575.71 December December Volume Traded - End of Months for 2016 and 2017 Value Traded - End of Months for 2016 and 2017 (GH¢) Month 2017 2016 Month 2017 2016 January 19,560,794 21,647,385 January 19,224,381.51 29,495,855.87 February 161,506,242 10,836,182 February 242,178,810.67 14,039,650.03 March 31,200,817 4,440,804 March 29,522,730.12 7,767,848.28 April 9,124,698 8,399,916 April 17,011,669.46 35,159,146.12 May 18,196,038 8,941,016 May 29,559,094.59 14,204,787.00 June 11,267,542 8,784,632 June 26,551,306.24 36,040,880.24 July 7,901,264 9,931,686 July 24,130,590.21 19,385,939.66 August 17,212,814 5,074,727 August 30,748,986.48 19,770,772.76 September 9,392,230 31,345,950 September 24,134,594.25 41,202,892.80 October 12,509,109 5,843,810 October 19,183,944.47 2,438,760.27 November 17,841,085 8,530,830 November 40,884,976.08 13,779,065.36 December December Total 315,712,633 123,776,938 Total 503,131,084.08 233,285,598.39 GSE Market Report - November 2017 4 SECTORIAL DISTRIBUTION OF TRADES - NOV 2017 Sector Volume Traded Value Traded (GH ¢) No.
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