Sector indices recorded mixed performance. The financial index gained 18.88 points (+0.89%) this week to close at 2,146.67 with a -0.33% year-to-date return due to gains in Access Bank Ghana Limited (+5.26%), GCB Bank Limited (+5.26%), Cal Bank Limited (+3.00%) and Enterprise Group Limited (+0.45%).

Five counters in the banking, insurance and petroleum marketing sectors advanced, however the benchmark index declined due to financial and telecom stocks. The GSE-CI declined by 0.90% to close at 2,454.34 with a -4.58% year-to-date return while market capitalization declined by 0.37% to settle at GH¢59.75 billion.

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

Trading activity surged with 746,215 shares valued at GH¢1,167,114 changing hands from 4,899,415 shares valued at GH¢3,905,685 last week. Ecobank Transnational Incorporated (ETI) dominated trades by volume, accounting for 29.01% of total volume traded while Enterprise Group Limited (EGL) accounted for 40.72% of value traded.

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

Market Performance

Market Indices Trend

Top Trades by Volume

Top Trades by Value

Gainers & Losers