Market Indices Trend

Top Trades by Volume

Top Trades by Value

Gainers & Loser

Market Summary

The benchmark index declined by 25.45 points (-0.90%) W-o-W to close with a 9.02% year-to-date return. This week’s performance was driven by losses in eight counters in the telecom, insurance, banking, petroleum marketing and manufacturing sectors. Market capitalization declined by 0.72% to settle at GH¢63.39 billion.

Financial stocks gained 20.82 points (+0.91%), recovering losses from last week’s decline to close with a 0.23% year-to-date return on the back of upward price movement in Access Bank Ghana (+13.33%), Ecobank Ghana Holdings (+4.63%) and Enterprise Group Limited (+1.71%). The top laggards for the week were SIC Insurance (-7.14%), Ecobank Transnational Incorporated (-5.88%), Cal Bank (-1.92%) and GCB Bank (-1.17%).

The manufacturing index declined by 1.71% to close with a -12.17% year-to-date return as Unilever Ghana Limited (-0.06%) and Fan Milk Ghana Limited (-4.55%) declined.

MTN Ghana (-2.22%) dominated trades, accounting for 91.53% of total volume traded and 84.22% of total value traded. Trading activity surged with 2,443,547 shares valued at GH¢2,338,229 changing hands from 1,148,569 shares valued at GH¢6,445,182 in the previous session.

We expect activity levels to pick up as investors to take advantage of bargain stocks.