GLD - NewGold ETF
NewGold, an exchange traded fund sponsored by Absa Capital, offers the opportunity to invest in gold bullion. The company issues listed instruments (structured as debentures) backed by physical gold. Each debenture is approximately equivalent to 1/100 ounces of gold bullion, which is held with a secure depository on behalf of investors. The debentures are listed on the Ghana (GSE), Johannesburg (JSE), Botswana (BSE) and Nigerian Stock Exchange (NSE), and secondary listed on Uganda (USE), Mauritius (SEN) and Zambia Stock Exchange (LuSE).
NewGold ETF is listed on the Ghana Stock Exchange (GSE). NewGold ETF is traded on the GSE under the ticker symbol “GLD”. The International Securities Identification Number (ISIN) of GSE:GLD is ZAE000060067. NewGold ETF is currently the 10th most valuable stock on the GSE with a market capitalization of GHS 745 million, which makes about 1.15% of the Ghana Stock Exchange equity market.
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GLD Stock Market Performance
The current share price of NewGold ETF (GLD) is GHS 256.80. GLD closed its last trading day (Wednesday, November 30, 2022) at 256.80 GHS per share on the Ghana Stock Exchange (GSE). NewGold ETF began the year with a share price of 108.60 GHS and has since gained 136% on that price valuation, ranking it second on the GSE in terms of year-to-date performance. Shareholders can be optimistic about GLD knowing the stock has accrued 8% over the past four-week period—third best on GSE.
NewGold ETF is the sixth most traded stock on the Ghana Stock Exchange over the past three months (Sep 2 - Nov 30, 2022). GLD has traded a total volume of 871,495 shares valued at GHS 184 million over the period, with an average of 13,833 traded shares per session. A volume high of 171,778 was achieved on October 10th for the same period. The table below details the last 10 trading days of activity of NewGold ETF on the Ghana Stock Exchange.
Profile of NewGold Issuer (RF) Limited
NewGold Issuer (RF) Limited operates in the Financials sector, specifically, the Investment Services industry.
Factsheet of NewGold Issuer (RF) Limited
- Investment Services
- 15 Allice Lane, Sandton 2196, South Africa
GLD Industrial Market Competitors
NewGold Issuer (RF) Limited, issuers of the GLD stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|POP||Pesewa One Plc||3.4M||0.68||+4.62%|
|SIC||SIC Insurance Company Limited||60.6M||0.31||+288%|
|TBL||Trust Bank Gambia Limited||152M||0.76||+124%|
|ACCESS||Access Bank Ghana||698M||4.01||+27.3%|
|EGL||Enterprise Group Limited||547M||3.20||+14.7%|
|ETI||Ecobank Transnational Incorporated||3.61B||0.15||+7.14%|
|ADB||Agricultural Development Bank||1.76B||5.06|
|RBGH||Republic Bank Ghana Limited||511M||0.60|
|SCBPREF||Stanchart Preferential Shares||15.7M||0.90|
|MAC||Mega African Capital Limited||53.5M||5.38||-0.19%|