At today’s trading session, the benchmark index advanced 15.82 points (+0.60%) to settle at 2,645.35 on account of buying interest in three counters in the banking and telecommunication sectors. As a result, market capitalisation rose by 0.58% to GH¢62.33 billion while the year-to-date return improved to 2.54%.
Financial stocks climbed 6.84 points (+0.31%) higher due to gains in Ecobank Transnational Incorporated (+5.88%) and Standard Chartered Bank (+0.10%) to close at 2,208.40 with a -4.42% year-to-date return.
Manufacturing stocks recorded no gains or losses for the third straight session. Consequently, the SAS-MI closed with a -18.56% YTD Return.
Societe Generale (-1.22%) was the only laggard at the session.
Trading activity declined with 51,388 shares valued at GH¢44,454.76 changing hands from 324,114 shares valued at GH¢900,080.46 in the previous session. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 71.81% of total volume traded and 66.85% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
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