Top Trades by Volume
Top Trades by Value
Gainers & Losers
The benchmark index was upbeat this week, closing 28.14 points (+1.42%) higher at 2,011.97 with a -10.86% year-to-date return on the back of two banking and telecom counters while the market capitalization increased by 0.54% to settle at GH¢54.28 billion.
Meanwhile, downward price movements in CAL Bank (-9.09%), Enterprise Group (-8.02%), Standard Chartered (-2.86%), Republic Bank (-2.00%) and GCB Bank (-0.44%) declined the GSE Financial Index marginally by 0.35 points (-0.02%) to close at 1,840.80 with a -8.86% year-to-date return.
The SAS Manufacturing Index was down 108.54 points (-3.50%) due to Fan Milk (-15.25%), closing the session at 2,989.90 with a year-to-date return of -14.12%.
Ecobank Ghana (+6.43%) and MTN Ghana (+5.17%) were the gainers this week while GOIL Company (-0.62%) completed the decliners’ chart at GH¢1.59.
Trading activity weakened as 1,203,606 shares valued at GH¢3,238,207 changed hands compared to 11,749,650 shares valued at GH¢8,159,296 last week. CAL Bank dominated trades by volume, accounting for 37.01% of total volume traded while Ecobank Ghana dominated trades by value, accounting for 63.51% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.