The market retreated by 53.649 points (-1.94%) due to losses in four counters in the telecom, banking and insurance sectors. The GSE-CI closed with a 6.94% year-to-date return while market capitalization declined by 0.84% to settle at GH¢62.85 billion.
Cal Bank Limited (-1.96%), Republic Bank Ghana (-13.39%) and Enterprise Group Limited (-1.68%) dragged the financial index down by 32.16 points (-1.41%) to close with a -1.17% year-to-date return.
The manufacturing index recorded no gains or losses for the session, closing at Friday’s level of 5,177.02 with a -12.17% year-to-date return.
There were no gainers at today’s session.
Trading activity declined with 274,916 shares valued at GH¢742,693.27 changing hands from 40,673 shares valued at GH¢31,045.82 in the previous session. Ghana Oil Company Limited (GOIL) dominated trades by both volume and value, accounting for 76.22% of total volume traded and 90.29% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume