The market trading landscape is constantly evolving, and understanding the performance of licensed dealing members is crucial for decision-makers in the industry. This comprehensive analysis delves into the market share and rankings of licensed dealing members from January to June 2023, sourced from the Ghana Stock Exchange Equities Market Report. By examining the value traded and volume traded by each member, this report offers valuable insights to guide strategic decision-making in market trading.
Market Share Analysis and Rankings:
The table below presents the market share data along with rankings for each licensed dealing member based on their value traded and volume traded during the first half of 2023.
| LICENSED DEALING MEMBER | VALUE TRADED (GHS) | MARKET SHARE (%) | VOLUME TRADED | MARKET SHARE (%) | VALUE TRADED RANKING | VOLUME TRADED RANKING |
| IC SECURITIES | 438,033,305.23 | 66.16 | 322,220,090 | 71.01 | 1 | 1 |
| DATABANK BROKERAGE | 101,900,415.81 | 15.39 | 78,797,269 | 17.36 | 2 | 2 |
| CHAPELHILL DENHAM SECURITIES | 39,011,687.00 | 5.89 | 29,479,600 | 6.50 | 3 | 3 |
| SBG SECURITIES | 36,888,404.05 | 5.57 | 1,939,969 | 0.43 | 4 | 6 |
| EDC STOCKBROKERS | 14,234,153.47 | 2.15 | 975,384 | 0.21 | 5 | 8 |
| BLACKSTAR BROKERAGE | 11,813,511.87 | 1.78 | 5,129,071 | 1.13 | 6 | 4 |
| UMB STOCKBROKERS | 7,962,727.07 | 1.20 | 5,614,250 | 1.24 | 7 | 5 |
| REPUBLIC SECURITIES | 5,730,419.39 | 0.87 | 4,185,719 | 0.92 | 8 | 7 |
| TEAK TREE BROKERAGE | 2,300,251.23 | 0.35 | 1,474,650 | 0.32 | 9 | 9 |
| SIC BROKERAGE | 1,665,996.92 | 0.25 | 1,518,203 | 0.33 | 10 | 10 |
| NTHC SECURITIES | 779,341.16 | 0.12 | 774,247 | 0.17 | 11 | 11 |
| LAURUS SECURITIES | 410,832.96 | 0.06 | 421,641 | 0.09 | 12 | 12 |
| STRATEGIC AFRICAN SECURITIES | 405,498.47 | 0.06 | 542,932 | 0.12 | 13 | 13 |
| CDH SECURITIES | 280,789.97 | 0.04 | 275,587 | 0.06 | 14 | 14 |
| AMBER SECURTIES | 232,122.80 | 0.04 | 119,690 | 0.03 | 15 | 16 |
| BULLION SECURITIES | 163,025.79 | 0.02 | 135,990 | 0.03 | 16 | 15 |
| CONSTANT CAPITAL | 113,844.76 | 0.02 | 88,006 | 0.02 | 17 | 17 |
| FIRSTBANC BROKERAGE | 101,307.80 | 0.02 | 62,814 | 0.01 | 18 | 18 |
| SERENGETI CAPITAL | 26,258.65 | 0.00 | 19,552 | 0.00 | 19 | 19 |
| WORLDWIDE SECURITIES | 882.00 | 0.00 | 400 | 0.00 | 20 | 20 |
| SARPONG CAPITAL | 0.00 | 0.00 | 0 | 0.00 | – | – |
| TOTAL | 662,054,776.40 | 100% | 453,775,064 | 100% | – | – |
Ranking Analysis:
- Value Traded Ranking: IC Securities secures the top spot with the highest value traded, followed by Databank Brokerage in the second position and Chapelhill Denham Securities in third place.
- Volume Traded Ranking: Similarly, IC Securities holds the highest market share in terms of volume traded, while Databank Brokerage ranks second, and Chapelhill Denham Securities ranks third.
- Market Share Breakdown: The top three licensed dealing members, namely IC Securities, Databank Brokerage, and Chapelhill Denham Securities, collectively contribute over 87% of the total value traded and volume traded in the market.
Importance to Decision Makers in the Market:
The market share and rankings data offer invaluable insights and implications for decision makers in the market. Here’s why this analysis holds critical importance for their strategies and actions:
- Identifying Market Leaders: Decision makers can identify the leading dealers in the market and learn from their successful strategies. Analyzing the top performers can provide inspiration for enhancing operational efficiency, customer engagement, and product offerings.
- Understanding Market Trends: The data reflects the preferences and activities of investors during the first half of 2023. Decision makers can use this information to understand prevailing market trends, investor sentiment, and emerging opportunities.
- Assessing Competitor Performance: By comparing their own performance against the top dealers, decision makers can gauge their competitiveness and identify areas for improvement. This assessment can help fine-tune their business models and marketing strategies.
- Strategic Planning: Armed with the market share and ranking data, decision makers can devise data-driven strategic plans to strengthen their market position, expand their customer base, and capitalize on growth prospects.
- Fostering Innovation: Learning from successful dealers can stimulate innovation within organizations. Decision makers can encourage creative thinking, embrace technology, and explore new ways to enhance their services and products.
Conclusion:
Based on the Ghana Stock Exchange Equities Market Report for June 2023, this analysis provides valuable insights into the market share and rankings of licensed dealing members in the market trading industry. IC Securities leads the market with the highest value traded and volume traded, followed closely by Databank Brokerage and Chapelhill Denham Securities. The top three licensed dealing members collectively dominate the market, underlining their significant contributions to market trading. Understanding the performance of licensed dealing members is instrumental for making informed decisions, identifying opportunities, and formulating strategies that drive success in market trading. As the industry continues to evolve, staying attuned to market share dynamics will be essential in achieving sustainable growth and success. Decision-makers must leverage these insights to position their firms for continued success in the dynamic and competitive market trading environment.
Source: Ghana Stock Exchange Equities Market Report June 2023.
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