Gains in three counters in the banking, oil and telecom sectors pushed the benchmark index 1.22% higher to close at 2,997.90 with a 16.21% year-to-date return. Market capitalization increased by 0.56% to close at GH¢66.04 billion.
Access Bank (+15.02%) was the sole gainer for financial stocks, pushing the financial index up by 0.59% to close with a 10.58% YTD return. Manufacturing stocks recorded no change for the second straight session, closing with a -5.84% year-to-date return. MTN Ghana (MTNGH) climbed by 1.12% to close at GH¢0.90 while Ghana Oil Company (GOIL) gained GH¢0.42 to close at GH¢3.32 on account of expectation of positive third quarter results.
Trading activity declined, with 64,922 shares valued at GH¢88,156.80 changing hands from 294,308 shares valued at GH¢491,994.98 in the previous session. This represents a 77.94% decrease in total volume traded and an 82.08% decline in total value traded. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 54.22% of total volume traded and 35.91% of total value traded.
Market sentiment strengthened with the aggregate bid/ask ratio closing at 0.3:1 from 0.2:1, in the previous session. There was continuous selling pressure in MTN Ghana Limited (MTNGH), Enterprise Group Limited (EGL), Ecobank Transnational Incorporated (ETI), Intravenous Infusions Limited (IIL) and Republic Bank Ghana Limited (RBGH).
Gainers & Losers
Interbank Exchange Rates
Top Trades by Volume