The market retreated by 1.69 points (-0.06%) due to losses in two counters in the banking sectors. The GSE-CI closed with a 8.83% year-to-date return while market capitalization declined by 0.03% to settle at GH¢63.34 billion.
Cal Bank Limited (-0.97%) and GCB Bank Limited (-0.78%) lost GH¢0.01 and GH¢0.04 to close at GH¢1.02 and GH¢5.10, respectively. Consequently, the financial index declined by 3.27 points (-0.14%) to close with a 0.18% year-to-date return.
The manufacturing index recorded no gains or losses for the second straight session, closing with a -13.68% year-to-date return.
There were no gainers at today’s session.
Trading activity declined with 1,088,061 shares valued at GH¢926,454.79 changing hands from 24,145 shares valued at GH¢71,503.09 in the previous session. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 93.97% of total volume traded and 97.10% of total value traded.
We expect the market’s performance to decline at tomorrow’s session as stocks remain net offered.
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