Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Loser
The benchmark index continued its bearish trend, down 21.12 points (-0.80%) to close at an 11 month low of 2,608.42. Consequently, the GSE-CI closed with a 1.11% year-to-date return while market capitalization increased by 0.23% to settle at GH¢62.12 billion. This week’s performance was driven by losses in six counters in the insurance, petroleum marketing, telecommunication and banking sectors.
Financial stocks as measured by the GSE-FI increased by 6.60 points (+0.30%) to close with a -4.43% year-to-date return. The financial index was bolstered by gains in Ecobank Transnational Incorporated (+11.76%), Cal Bank Limited (+2.08%), Access Bank Ghana (+1.47%) and Standard Chartered Bank (0.20%) to close at 2,201.55 with a -4.72% year-to-date return.
Manufacturing stocks recorded no gains or losses this week, closing at last week’s level of 4,800.01 with a -18.56% year-to-date return.
Activity levels picked up with 5,316,821 shares valued at GH¢7,148,680 changing hands from 3,032,493 shares valued at GH¢5,721,487 in the previous session. Cal Bank Limited (CAL) dominated trades by both volume and value, accounting for 67.79% of total volume traded and 48.62% of total value traded.
We expect activity levels to pick up as investors continue to take advantage of bargain stocks.