Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Downward price movements in five counters in the banking, insurance, oil marketing and telecom sectors tumbled the benchmark index by 10.30 points (-0.46%) to end the week at 2,222.86 with a -13.58% year-to-date return while market capitalization moderated by 0.19% to close at GH¢56,44 billion.
Banking stocks were the advancers this week. Access Bank (+5.26%), GCB Bank (+2.04%), Ecobank Ghana (+0.69%) and Standard Chartered (+0.47%) pushed the GSE Financial Index up by 5.10 points (+0.26%) to close at 1,964.14 with a -8.80% year-to-date return.
The SAS Manufacturing Index remained unchanged closing at 3,513.76 with a YTD of -24.49%.
Trading activity waned as a total of 824,034 shares valued at GH¢1,265,076 changed hands compared to 2,621,356 shares valued at GH¢1,971,457 last week. MTN Ghana dominated trades by volume, accounting for 26.75% of total volume traded while GCB Bank dominated by value, accounting for 53.93% of the total value traded.
We expect trading activity to pick up as investors demand bargain stocks.