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 2,629.54 representing a decline of 10.19 points (-0.39%) W-o-W to close with a 1.93% year-to-date return. This week’s performance was driven by losses in five counters in the insurance, banking and manufacturing sectors. Market capitalization however increased by 0.17% to settle at GH¢61.97 billion on account of gains in Ecobank Transnational Incorporated (+6.25%) and NewGold ETF (+39.18%).
Financial stocks led the decline among sector indices, down 17.97 points (-0.81%) on the back of losses in Societe Generale (-6.82%), Enterprise Group Limited (-2.33%), SIC Insurance (-6.25%) and Republic Bank Ghana Holdings (-14.89%) to close at 2,201.55 with a -4.72% year-to-date return. Fan Milk Ghana Limited (-0.90%) dragged the manufacturing index down by 0.26% to close at 4,800.01 with a -18.56% year-to-date return.
Trading activity declined with 3,032,493 shares valued at GH¢5,721,487 changing hands from 4,478,356 shares valued at GH¢10,762,021 in the previous session. Cal Bank Limited (CAL) dominated trades by volume, accounting for 43.69% of total volume traded while Enterprise Group Limited (EGL) accounted for 22.85% of total value traded.
We expect activity levels to pick up as investors continue to take advantage of bargain stocks.