May 31, 2021 - BY Admin

GHANA STOCK EXCHANGE WEEK FROM 24/05/21 TO 28/05/21

AFTER A GREAT RALLY AT THE BEGINNING OF THE YEAR 2021 - ESPECIALLY BETWEEN MARCH AND APRIL - AND THE FOLLOWING DECLINE IN THE FIRST WEEKS OF MAY, IT SEEMS THAT THE COMPOSITE INDEX HAS FINALLY CALMED DOWN AND PROBABLY FOUND ITS BOTTOM. IN THE LAST TWO DAYS OF THE WEEK, IT EVEN SHOWED - ALTHOUGH MARGINAL - GAINS.  IT MIGHT BE THAT INVESTORS - AFTER THE BIG RISE BETWEEN MARCH AND APRIL - WERE LOOKING FOR SOME PROFIT-TAKING WHICH THEN CAUSED THE COMPARATIVELY STEEP DECLINE. WE MUST WAIT FOR THE FURTHER DEVELOPMENT IN THE WEEKS TO  CO,ME TO BE ABLE TO EVALUATE WHETHER IT WAS REALLY JUST PROFIT-TAKING OR THE FIRST STEP ON THE WAY BACK TO OLDEN DAYS.

ON THE OTHER HAND, THE DEVELOPMENT OF THE FINANCIAL SEEMS TO BE MORE HEALTHY. THE UPWARD TREND OF THIS INDEX IS NOT SO SPECTACULAR, BUT STEADY. SURELY THE INVESTORS HONOUR THE MONTHS LONG SOUND BEHAVIOUR OF THE FINANCIAL SECTOR IN GHANA. BUT THE SAME ACCOUNTS  HERE AS FOR THE COMPOSITE: WE MUST WAIT FOR THE COMING WEEKS TO SEE IN HICH DIRECTIONS THE FINANCIAL MARKETS WILL GO.

RECKLING ENTERPRISE WILL WATCH BOTH INDECES AND KEEP YOU INFORMED AT THE BEGINNING OF EVERY WEEK.

READERS MAY ALSO BE REMINDED THAT FROM JULY ON, RECKLING ENTERPRISE WILL ANALYSE THE PERFORMANCE OF VARIOUS COMPANIES LISTED ON THE GHANA STOCK EXCHANGE. YOU SEE, I T IS ALWAYS GOOD TO STAY WITH RECKLING ENTERPRISE TO KEEP INFORMED.