The market extended losses to the seventh consecutive session following downward price movement in three counters in the banking, telecommunication and beverage sectors. The GSE-CI declined by 8.50 points (-0.34%) to close at 2,521.42 with a -2.26% year-to-date return while market capitalization declined by 0.14% to settle at GH¢60.44 billion.
Financial stocks advanced by 0.35% on the back of price appreciation in Cal Bank Limited (+1.06%) and Standard Chartered Bank (+1.35%) to close with a -9.29% YTD return while manufacturing stocks declined due to a pesewa loss in Fan Milk Ghana Limited (-0.12%) to close with a -21.02% year-to-date return.
GCB Bank Limited (-0.21%) and MTN Ghana (-1.28%) were the top laggards at the session.
Activity levels picked up with 790,027 shares valued at GH¢960,238.93 changing hands from 65,993 shares valued at GH¢245,746.42 in the previous session. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 44.41% of total volume traded and 28.14% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume