Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Loser
The benchmark index continued its bearish trend, closing at an 11 month low of 2,639.73, representing a decline of 81.59 points (-3.00%) W-o-W to close at a YTD return of 2.33%. This week’s performance was driven by losses in ten counters in the telecom, insurance, banking, petroleum marketing and manufacturing sectors. Market capitalization declined by 1.00% to settle at GH¢61.87 billion.
Manufacturing stocks led the decline among sector indices, down 4.83% on the back of losses in Guinness Ghana Breweries Limited (-4.80%) and Fan Milk Ghana Limited (-10.84%) to close at 4,812.33 with a -18.36% year-to-date return. Six financial stocks declined, dragging the financial index down by 1.39% to close with a -3.94% year-to-date return.
Trading value stayed close to last week’s level with 4,478,356 shares valued at GH¢10,762,021 changing hands from 2,246,611 shares valued at GH¢10,119,807 in the previous session. MTN Ghana (-4.76%) dominated trades by volume, accounting for 49.21% of total volume traded while Fan Milk Ghana Limited (FML) accounted for 51.39% of total value traded.
We expect activity levels to pick up as investors continue to take advantage of bargain stocks.