The benchmark index opened the week positively, gaining 27 points (+1.21%) to close at 2,249.86 with a year-to-date return of -12.53% on the back of gains in three banking and telecom counters while market capitalization increased by 0.49% to settle at GH¢56.72 billion.
Ecobank Ghana (+8.22%) and Republic Bank (+4.17%) pushed the GSE Financial Index up by 38.12 points (+1.94%) to close at 2,002.26 with a -7.03% year-to-date return.
The manufacturing index remained unchanged at 3,513.76 with a -24.49% year-to-date return.
MTN Ghana (+1.45%) advanced as well while Total Petroleum (-14.29%) pulled back.
Trading activity waned as 112,064 shares valued at GH¢118,338.30 changed hands compared to 192,056 shares valued at GH¢177,851.03 at the previous session. Societe Generale dominated trades by volume and value, accounting for 89.31% of total volume traded and 60.91% of the total value traded.
We expect activity levels to increase at the next session.
AngloGold Ashanti Limited (GSE: AGA)
AngloGold Ashanti (Ghana) Limited, a wholly-owned subsidiary of AngloGold Ashanti, has achieved its first pour of gold from the Obuasi Gold Mine, signalling the successful redevelopment of the mine into a modern, mechanized mining operation since mining activities were suspended five years ago.
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