Market Performance

Market Indices Trend

Top Trades by Volume

Top Trades by Value

Gainers & Losers
 

Market Summary

Five counters in the banking, petroleum marketing, insurance and telecom sectors advanced, however the benchmark index declined due to financial stocks. The GSE-CI declined by 0.45% to close at 2,482.10 with a -3.50% year-to-date return while market capitalization increased by 0.15% to settle at GH¢60.23 billion.

Sector indices recorded mixed performance. The financial index shed 46.53 points (-2.18%) this week to close at 2,090.10 with a 2.95% year-to-date return due to losses in SIC Insurance Limited (-5.26%), Ecobank Ghana Limited (-5.89%), Republic Bank Ghana Holdings (-8.33%) and GCB Bank Limited (-14.39%).

The manufacturing index recorded no gains or losses this week, closing at last week’s level of 4,647.26 with a -0.13% year-to-date return.

Trading activity surged with 1,963,109 shares valued at GH¢12,076,814 changing hands from 1,586,664 shares valued at GH¢3,209,986 last week. Fan Milk Ghana Limited (FML) dominated trades by both volume and value, accounting for 70.82% of total volume traded and 92.09% of value traded.

We expect activity levels to pick up as investors take advantage of bargain stocks.