Market Summary
The benchmark index advanced by 13.57 points (+0.74%) on the back of three banking and telecom counters to close the week at 1,841.38 with a -18.42% year-to-date return while the market capitalization increased by 1.49% to GH¢53.17 billion.
CAL Bank (+2.94%) and Societe Generale (+1.59%) edged the GSE Financial Index higher by 3.41 points (+0.20%) to close at 1,669.29 with a -17.35% year-to-date return.
The SAS Manufacturing Index recorded no gains or losses, closing at last week’s level of 2,028.66 with a year-to-date return of -41.73%.
Trading activity strengthened as 1,705,402 shares valued at GH¢2,967,637 changed hands from 273,321 shares valued GH¢347,668 last week. Enterprise Group dominated trades by volume and value, accounting for 67.66% of the total volume traded and 54.43% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.