Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Loser
Stocks closed 14.07 points (-0.56%) lower, due to losses in seven counters in the banking, telecommunications, consumer goods and insurance sectors. Consequently, the GSE-CI closed at 2,497.77 with a -2.89% year-to-date return while market capitalization declined by 0.24% to settle at GH¢60.18 billion.
The financial index shed 6.08 points (-0.29%) this week to close at 2,119.81 with a -1.58% year-to-date return due to losses in SIC Insurance (-4.55%), Enterprise Group Limited (-9.09%), Trust Bank Gambia (-11.54%), Standard Chartered Bank (-1.59%) and GCB Bank Limited (-5.44%).
Manufacturing stocks also declined by 0.14% to close with a -0.30% year-to-date return on the back of losses in Unilever Ghana Limited (-0.39%).
Trading activity declined with 797,683 shares valued at GH¢1,887,475 changing hands from 2,123,118 shares valued at GH¢3,3380,290 last week. Guinness Ghana Breweries Limited (GGBL) dominated trades by both volume and value, accounting for 31.34% of total volume traded and 28.87% of total value traded.
We expect activity levels to pick up as investors take advantage of bargain stocks.