The market retreated 7.02 points (-0.25%) today, on the back of downward price movement in two counters in the banking and consumer goods sectors. The GSE-CI closed with a 10.00% year-to-date return while market capitalization declined by 0.73% to settle at GH¢63.84 billion.
Benso Oil Palm Plantation (-6.42%) declined by GH¢0.35 to close at GH¢5.10 as a result of lower than expected third quarter earnings results. Consequently, the manufacturing declined by 0.35% to close at 5,266.94 with a -10.64% year-to-date return.
The financial index shed 15.01 points (-0.65%) on the back of a loss in Ecobank Transnational Incorporation (-10.53%) to close with a -0.68% year-to-date return. Ecobank Ghana Holdings (+0.15%) however gained for the second straight session.
Ghana Oil Company (+1.52%) was the sole gainer in the petroleum marketing sector.
Trading value declined with 121,631 shares valued at GH¢127,811 changing hands from 700,944 shares valued at GH¢5,893,300 in the previous session. Ecobank Transnational Incorporated (ETI) dominated trades by both volume, accounting for 49.33% of total volume traded while MTN Ghana (MTNGH) accounted for 32.52% of total value traded.
We expect the market’s performance to decline tomorrow as offers continue to outweigh bids.
Company Snapshot (9 Months 2018)
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