The market opened the week on a bullish note as the GSE-CI climbed 27.60 points (+1.03%) on the back of gains in two counters in the banking and telecommunications sectors to close at 2,667.33 with a 3.40% year-to-date return. Accordingly, market capitalisation rose by 0.45% to settle at GH¢62.15 billion.
Access Bank Ghana Limited (+4.62%) was the sole gainer in the financial index, up GH¢0.18 to close at GH¢4.08. Consequently, the GSE-FI increased by 0.27% to close at 2,225.49 with a -3.68% year-to-date return. The manufacturing index recorded no gains or losses at today’s session, closing with a -18.36% YTD return.
MTN Ghana gained 2.50% to close at GH¢0.82. There were no losers at today’s session.
Trading activity declined with 30,554 shares valued at GH¢156,085.81 changing hands from 987,544 shares valued at GH¢368,619.34 in the previous session. Access Bank Ghana (ACCESS) dominated trades, accounting for 81.82% of total volume traded and 65.30% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
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