Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Upward price movements in four banking and telecom counters pushed the benchmark index up by 31.75 points (+1.43%) to close the week at 2,254.61 with a -12.35% year-to-date return while market capitalization increased by 0.58% to settle at GH¢56,78 billion.
Banking stocks were the major advancers this week. The GSE Financial Index advanced by 46.96 points (+2.39%) on the back of gains in Republic Bank (+14.58%), Ecobank Ghana (+8.22%), and CAL Bank (+1.23%) to close at 2,011.10 with a -6.62% year-to-date return.
The SAS Manufacturing Index remained unchanged closing at 3,513.76 with a YTD of -24.49%.
MTN Ghana (+1.45%) completed the gainers’ chart while Total Petroleum (-14.29%) was the sole decliner.
Trading activity waned due to the Christmas holidays as a total of 255,115 shares valued at GH¢606,765 changed hands compared to 824,034 shares valued at GH¢1,265,076 last week. Societe Generale dominated trades by volume, accounting for 39.23% of total volume traded while GCB Bank dominated by value, accounting for 73.34% of the total value traded.
We expect trading activity to pick up as investors demand bargain stocks.