Losses in three counters in the petroleum marketing, telecom and beverage sectors dragged the benchmark index down by 23.25 points (-1.01%) to close at 2,311.47 with a -10.14% year-to-date return while market capitalization declined by 0.40% to settle at GH¢57.88 billion.
The financial index led sector gainers, up 25.27 points (+1.24%) due to a gain in Standard Chartered Bank Ghana Limited (+5.56%) to close at 2,036.76 with a -5.43% year-to-date return.
Guinness Ghana Breweries Limited (-7.41%) moderated, dragging the SAS Manufacturing Index down by 75.36 points (-1.96%) to close at 3,847.27 with a -17.32% year-to-date return.
Trading activity weakened as 97,681 shares valued at GH¢221,401 changed hands compared to 3,628,914 shares valued at GH¢2,671,145 yesterday. Enterprise Group Limited dominated trades, accounting for 68.10% of total volume traded and 63.10% of total value traded.
We expect increased activity in financial stocks due to outstanding bids at the next session.
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