The market opened the week on a bullish note with the GSE-CI climbing 4.01 points (+0.15%) to settle at 2,612.42 due to bargain hunting in the telecommunication sector. Consequently, market capitalisation rose by 0.06% to settle at GH¢62.16 billion while the benchmark index closed with a 1.27% year-to-date return.
Cal Bank Limited (-3.06%), Societe Generale (-3.85%) and Republic Bank Ghana Holdings (-6.67%) dragged the financial index down by 15.75 points (-0.72%) to close at 2,192.40 with a -5.12% year-to-date return.
Manufacturing stocks recorded no gains or losses for the seventh consecutive session, closing with a -18.56% YTD Return.
Activity levels declined with 64,280 shares valued at GH¢212,970.90 changing hands from 870,623 shares valued at GH¢1,096,129.14 in the previous session. Cal Bank Limited (CAL) dominated trades by both volume and value, accounting for 55.38% of total volume traded and 41.79% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
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