The market declined for the second straight session, down by 2.57 points (-0.10%) to close at 2,484.10 with a -3.43% year-to-date return. Bellwether stocks in the banking and petroleum marketing sectors were the major catalysts to today’s performance. In line with this, market capitalization declined by 0.38% to settle at GH¢60.05 billion.
Three stocks in the banking sector dragged the financial index down by 4.60 points (-0.22%) to close at 2,120.92 with a -1.52% year-to-date return. Guinness Ghana Breweries Limited (+0.92%) increased by GH¢0.02, pushing the manufacturing index up by 9.42 points (+0.20%) to close with a -0.10% YTD return.
Activity levels declined with 1,372,762 shares valued at GH¢3,681,701.65 changing hands from 225,845 shares valued at GH¢504,586.02 recorded at the previous session. Giunness Ghana Breweries Limited (GGBL) dominated trades by both volume and value, accounting for 91.89% of total volume traded and 75.37% of total value traded.
We expect trading activity to increase ahead of 2018 full year earnings results.
2018 Full Year Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume