Stocks closed 0.71% lower on the back of losses in two counters in the telecom and agricultural sectors. Consequently, the benchmark index closed with a -0.03% year to date loss while market capitalisation declined by -0.62% to settle at GH¢61.13 billion.
Performance was bearish across sector indices. A pesewa loss in Ecobank Transnational Incorporated (-5.88%) dragged the financial index down by 6.49 points (-0.30%) to close at 2,156.98 with a 0.15% year-to-date return. The manufacturing index declined by 39.43 points (-0.85%) due to a loss in Benso Oil Palm Plantation (-14.54%) to close with a -0.85% YTD return.
MTN Ghana Limited (-1.25%) lost a pesewa to close at GH¢0.79.
Activity levels strengthened with 691,800 shares valued at GH¢879,420.40 changing hands from 48,011 shares valued at GH¢74,981.54 recorded at the previous session. Republic Bank Ghana Holdings (RBGH) dominated trades by both volume and value, accounting for 72.15% of total volume traded and 39.16% of total value traded.
We expect trading activity to increase as the holiday season ends.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume