The market closed 37.59 points (-1.44%) lower today on the back of downward price movement in three counters in the telecommunication, banking and insurance sectors. As a result, market capitalisation declined by 0.61% to GH¢61.95 billion while the year-to-date return moderated to 1.09%.
Financial stocks led the decline in sector indices, down 1.67 points (-0.08%) due to losses in Societe Generale (-1.23%) and Enterprise Group Limited (-0.40%) to close at 2,206.72 with a -4.50% year-to-date return.
Manufacturing stocks recorded no gains or losses for the fourth straight session. Consequently, the SAS-MI closed with a -18.56% YTD Return.
There were no gainers at the session.
Activity levels surged with 3,487,072 shares valued at GH¢4,415,389.76 changing hands from 51,388 shares valued at GH¢44,454.76 in the previous session. Cal Bank Limited (CAL) dominated trades by both volume and value, accounting for 80.21% of total volume traded and 60.81% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
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