Today, the first day of trading in 2019, the equities market posted a strong performance as bargain hunting in three counters in the banking and telecommunication sectors pushed the benchmark index up by 0.67% to close at 2,589.55 with a 0.67% year-to-date return. Market capitalisation increased by 0.61% to close at GH¢61.51 billion.
Financial stocks led gainers at the session, up 9.74 points (+0.45%) to close with a 0.45% year-to-date return due to gains in Ecobank Transnational Incorporated (+6.25%) and Standard Chartered Bank (+0.38%). The manufacturing index recorded no gains or losses at the session, closing at 4,653.28.
MTN Ghana Limited (+1.27%) also climbed higher at the session.
A total of 48,011 shares valued at GH¢74,981.54 traded today. MTN Ghana Limited (MTNGH) dominated trades by volume, accounting for 72.48% of total volume traded while Standard Chartered Bank (SCB) dominated trades by value, accounting for 37.92% of total value traded.
Market sentiment was bullish at the session as bids increased. We expect trading activity to increase as the holiday season ends.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume