- focus placed on pricing of securities and valuation of companies
The Ghana Stock Exchange (GSE) has held a workshop for its Registered Securities Dealers (RSDs) to train them on the pricing of securities and valuation of companies. The workshop had as its primary objective “enriching the knowledge and expertise of GSE’s frontline partners, RSD’s, in setting the right prices for securities and valuation of companies on the capital market.”
“It is important that these RSDs are retooled frequently on these subjects to keep them abreast on market trends for excellent delivery,” a statement from the bourse read in part.
RSDs are employees of the Licensed Dealing Members of the GSE who engage in the buying and selling of securities – shares and debt instruments – on behalf of their clients based on information from listed companies and analysis of market trends. They were taken through several topics with a hands-on practical application of pricing and valuation tools to enable them to develop the right skill sets in providing world-class services to their clients.
“Pricing and valuation of businesses are very critical in the capital market, hence the need to ensure that the right valuation tools and pricing methods are being employed, to provide the right advice and added value to clients to gauge their performance in the market and make the right decisions,” the statement added.
Addressing the RSDs, the Managing Director of the Ghana Stock Exchange, Ekow Afedzie emphasised the relevance of such training programs due to the critical role of the RSDs in driving awareness of the activities of GSE and the opportunities it offers investors and businesses alike, with regards to investment and mobilizing capital to expand their businesses.
“The GSE takes the training of its partners very seriously and particularly RSD’s, who are the partner frontline staff of Licensed Dealing Members, who deal directly with investors and potential listing companies,” he remarked.
He added that RSD’s have the responsibility of informing their clients of the impressive run of the Exchange this year and the opportunities available for them. The Exchange’s Composite Index as of September 17, 2021, has recorded a return of 44%.
“Value traded on the equities market closed at GH¢389.79 million, whilst volume traded closed at 386.05 million. The Ghana Fixed Income Market continued its stellar performance with a 149.08 billion volumes traded as of year-to-date September 17 compared to 108billion for full-year 2020,’’ Mr. Afedzie said.
The GSE is committed to continuous training of its partners and this annual program will equip the RSDs with the right set of skills, knowledge, and best practices to make them excel on their jobs to support the development of the capital market.