Stocks retreated by 0.44% on account of downward price movement in three counters in the petroleum marketing, telecommunication and insurance sectors to close at 2,564.66 with a -0.29% year-to-date return. Market capitalisation declined by 0.19% to settle at GH¢60.86 billion.
Financial stocks advanced for the third consecutive session, up 2.49 points (0.12%) on the back of gains in Societe Generale (+1.20%) and GCB Bank Limited (+0.67%) to close at 2,164.11 with a 0.48% year-to-date return. Manufacturing stocks however recorded no changes for the third straight session, closing at yesterday’s level of 4,652.85 with a -0.01% YTD return.
Activity levels weakened with 98,638 shares valued at GH¢165,943.88 changing hands from 1,305,604 shares valued at GH¢1,247,365.57 recorded at the previous session. MTN Ghana Limited (MTNGH) dominated trades by volume, accounting for 25.35% of total volume traded while GCB Bank Limited (GCB) dominated trades by value, accounting for 46.59% of total value traded.
We expect trading activity to increase ahead of 2018 full year earnings results.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume