The benchmark index edged lower due to downward price movement in two financial stocks. The GSE-CI shed 10.77 points (-0.45%) to close at 2,384.59 with a -7.29% year-to-date return while market capitalization declined by 0.86% to settle at GH¢58.83 billion.

The manufacturing index recorded no changes, closing at yesterday’s level of 4,595.31 with a -1.25% year-to-date return. Ecobank Transnational Incorporated (-13.33%) and Societe Generale Ghana Limited (-4.71%) moderated, pushing the GSE Financial Index down by 20.44 points (-1.01%) to close at 2,031.31 with a -5.68% year-to-date return.

Trading activity weakened with 571,861 shares valued at GH¢1,940,932 changing hands from 9,047,915 shares valued at GH¢6,295,066 at the previous session. MTN Ghana (MTNGH) dominated trades at the session, accounting for 99.62% of total volume traded and 99.68% of total value traded.

We expect trading activity to increase as investors take advantage of bargain stocks.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume