By Mabel Adorkor Annang.
The Ghana Stock Exchange (GSE) has held a capacity-building session for its Registered Securities Dealers (RSDs) to train them on ‘Pricing of Securities and Valuation of Companies’.
The workshop was aimed at 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 of market trends for excellent delivery.
RSDs are employees of the Licensed Dealing Members of the GSE who do the buying and selling of 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.
Addressing the RSDs, the Managing Director of the Ghana Stock Exchange, Ekow Afedzie emphasized 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 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 GHC389.79 million, whilst volume traded closed at GHC386.05 million. The Ghana Fixed Income Market continued its stellar performance with 149.08 billion volumes traded as of year-to-date September 17 compared to 108 billion for full-year 2020,’’ Mr. Afedzie said.
The GSE believes in continuous training of its partners and this program is run every year to equip the RSDs with the right set of skills, knowledge, and best practices to make them excel in their jobs to support development of the capital market.