The market closed marginally lower, down 0.02% due to a loss in Ghana Oil Company Limited (-0.32%) to close at 2,581.46 with a 0.36% year-to-date return. Market capitalisation declined by 0.01% to settle at GH¢61.63 billion.
The financial and manufacturing indices as measured by the GSE-FI and the SAS-MI respectively recorded no gains or losses at the session. Consequently, the GSE-FI closed with a 0.86% YTD return while the SAS-MI closed with a -0.03% YTD return.
Trading activity weakened with 291,669 shares valued at GH¢172,527.33 changing hands from 307,792 shares valued at GH¢746,440.39 recorded at the previous session. Cal Bank Limited (CAL) dominated trades by value, accounting for 77.19% of total value traded while Ecobank Transnational Incorporated (ETI) dominated by volume, accounting for 52.81% of total volume traded.
We expect trading activity to increase ahead of 2018 full year earnings results.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume