The stock exchange opened the week on a positive note as the GSE-CI rose 14.72 points (0.54%) to close at 2,736.03 with a 6.06% year-to-date return. In line with the performance, market capitalization climbed by 0.88% to settle at GH¢63.04 billion. Today’s uptick is attributed to gains in two counters in the insurance and telecom sectors.
The financial index increased by 6.95 points (+0.31%) on the back of gains in Enterprise Group Limited (+0.77%) and Ecobank Transnational Incorporated (+13.33%) to close at 2,257.69 with a -2.29% year-to-date return.
Losses in Fan Milk Ghana Limited (-9.64%) and Guinness Ghana Breweries Limited (-2.62%) dragged the manufacturing index down by 199.07 points (-4.10%) to close at 4,857.23 with a -17.59% year-to-date return.
Trading activity declined with 340,258 shares valued at GH¢1,522,177.53 changing hands from 901,163 shares valued at GH¢2,431,336 in the previous session. Ecobank Ghana Holdings (EGH) dominated trades by both volume and value, accounting for 20.42% of total volume traded and 34.23% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
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