The stock market saw significant movements in July, with several companies experiencing notable gains while others remained stable or faced declines. Here’s a concise summary of the key performers and trends observed in the equities market.
| Equity | Share Price (GH¢) | July Returns | Year-to-Date Returns |
| MTN Ghana Ltd | 2.34 | 29.3% | 67.1% |
| Total Petroleum Ghana Ltd | 12.33 | 27.5% | 37.0% |
| Atlantic Lithium Ltd | 6 | 25.0% | 36.4% |
| Republic Bank | 0.52 | 8.3% | 8.3% |
| NewGold Issuer Limited | 362.5 | 5.0% | 65.9% |
| Benso Oil Palm Plantation Ltd | 23 | 3.6% | 4.5% |
| GCB Bank Limited | 5.6 | 1.8% | 64.7% |
| Standard Chartered Bank Ghana Ltd. | 20.1 | 0.5% | 14.5% |
| AngloGold Ashanti Limited | 0.41 | 0.0% | 0.0% |
| Access Bank Ghana | 4.8 | 0.0% | 41.2% |
| Agricultural Development Bank | 5.06 | 0.0% | 0.0% |
| AngloGold Ashanti Limited | 37 | 0.0% | 0.0% |
| Aluworks LTD | 0.1 | 0.0% | 0.0% |
| Asante Gold Corp | 8.89 | 0.0% | 0.0% |
| CAL Bank Preference Shares | 0.29 | 0.0% | 0.0% |
| Clydestone (Ghana) Limited | 0.03 | 0.0% | 0.0% |
| Camelot Ghana Ltd | 0.11 | 0.0% | 10.0% |
| Cocoa Processing Company | 0.02 | 0.0% | 0.0% |
| DASPHARMA | 0.38 | 0.0% | -5.0% |
| Digicut | 0.09 | 0.0% | 0.0% |
| Ecobank Ghana Ltd | 6.1 | 0.0% | 10.9% |
| Ecobank Transnational Incorporation | 0.15 | 0.0% | 0.0% |
| Guinness Ghana Breweries Ltd. | 4.7 | 0.0% | 38.2% |
| Ghana Oil Company Limited | 1.5 | 0.0% | 0.0% |
| HORDS LTD | 0.1 | 0.0% | 0.0% |
| Intravenous Infusions (IIL) | 0.05 | 0.0% | 0.0% |
| Mega African Capital Limited | 5.38 | 0.0% | 0.0% |
| Meridian-Marshalls Holdings | 0.1 | 0.0% | -9.1% |
| Produce Buying Company Ltd. | 0.02 | 0.0% | 0.0% |
| Samba Foods Ltd | 0.55 | 0.0% | 0.0% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.9 | 0.0% | 0.0% |
| SIC Insurance Company Limited | 0.25 | 0.0% | 4.2% |
| Societe Generale Ghana Limited | 1.55 | 0.0% | -1.3% |
| Trust Bank Limited (THE GAMBIA) | 0.82 | 0.0% | 0.0% |
| Tullow Oil Plc | 11.92 | 0.0% | 0.0% |
| Unilever Ghana Limited | 14.77 | 0.0% | 82.1% |
| CAL Bank Limited | 0.34 | -2.9% | -29.2% |
| Fan Milk Limited | 3.5 | -4.9% | 7.7% |
| Enterprise Group Limited | 1.55 | -35.1% | -35.1% |
Top Performers in July
MTN Ghana Ltd emerged as the top performer with a remarkable 29.3% increase in share price, closing at GH¢2.34. This telecom giant also boasts a strong year-to-date (YTD) return of 67.1%, demonstrating consistent growth and investor confidence.
Following closely, Total Petroleum Ghana Ltd saw a 27.5% rise in July, reaching GH¢12.33. The company’s YTD return stands at 37.0%, reflecting solid performance in the energy sector.
Atlantic Lithium Ltd also impressed with a 25.0% gain in July, bringing its share price to GH¢6.00 and its YTD return to 36.4%.
Year-to-Date Standouts
Unilever Ghana Limited leads the pack with an extraordinary YTD return of 82.1%, despite no change in its share price for July, which remains at GH¢14.77. The company’s performance underscores its resilience and strong market position.
MTN Ghana Ltd continues to shine with a 67.1% YTD return, reinforcing its dominance in the telecom sector.
NewGold Issuer Limited also shows robust growth, with a YTD return of 65.9% and a 5.0% increase in July, closing at GH¢362.50.
Consistent Performers
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GCB Bank Limited posted a modest 1.8% rise in July, but its impressive 64.7% YTD return highlights its steady performance in the financial sector.
Access Bank Ghana maintained its share price at GH¢4.80 in July but boasts a solid YTD return of 41.2%, indicating strong investor confidence.
Guinness Ghana Breweries Ltd. held steady in July with no change in share price but achieved a notable 38.2% YTD return, reflecting its robust market presence.
Decliners and Stable Equities
Several equities saw no change in July, including AngloGold Ashanti Limited (GH¢0.41 and GH¢37.00),
Agricultural Development Bank (GH¢5.06), and Ghana Oil Company Limited (GH¢1.50), among others. These stocks showed stability but lacked the upward momentum seen in other sectors.
On the downside, CAL Bank Limited faced a 2.9% decline in July, with a significant -29.2% YTD return, indicating challenges within the banking sector. Enterprise Group Limited also struggled, with a -35.1% YTD return, highlighting the difficulties faced by the company.
Conclusion
The stock market in July showcased a mix of impressive gains and stable performances, with standout companies like MTN Ghana Ltd and Unilever Ghana Limited leading the charge. While some equities faced declines, the overall market sentiment remained positive, reflecting investor confidence and sectoral resilience. As we move forward, these trends will be crucial in shaping investment strategies and market outlooks.