The benchmark index extended losses to the second consecutive session on the back of downward price movement in three counters in the insurance, telecommunication and petroleum marketing sectors. The GSE-CI declined by 0.32% to close with a -2.72% YTD return while market capitalization declined by 0.13% to settle at GH¢60.23 billion.
A rebound in financial stocks led by Cal Bank (+2.35%), Ecobank Ghana (+1.54%) and Societe Generale (+1.09%) drove the GSE-FI up by 9.51 points (+0.45%) to close at 2,101.90 with a -2.41% YTD return. Manufacturing stocks recorded no changes for the third straight session, closing at 4,612.89 with a -0.87% YTD return.
Activity levels weakened with 283,591 shares valued at GH¢478,053.67 changing hands from 112,700 shares valued at GH¢155,664.55 recorded at the previous session. SIC Insurance (SIC) dominated trades by volume, accounting for 35.97% of total volume traded while GCB Bank Limited (GCB) accounted for 68.25% of total value traded.
We expect trading activity to increase ahead of 2018 full year earnings results.
September Earnings Season - Highlights
Gainers & Losers
Market Indices
Top Trades by Volume