The GSE Composite Index moderated by 3.02 points (-0.16%) due to CAL Bank (-7.69%) to begin the week at 1,883.45 with a -16.56% year-to-date return while the market capitalization eased to GH¢52.78 billion.
Accordingly, the GSE Financial Index inched down by 5.57 points (-0.32%) to close at 1,719.64 with a -14.85% year-to-date return.
The SAS Manufacturing Index remained flat at 2,581.74 with a year-to-date return of -25.84% for the fourteenth consecutive session.
Trading activity surged as 8,006,587 shares valued at GH¢4,840,991 changed hands from 2,639,703 shares valued at GH¢1,546,181 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.83% of the total volume traded and 99.07% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.