Top Trades by Volume
Top Trades by Value
Gainers & Losers
The benchmark index shed 58.69 points (-2.79%) to close the week at 2,042.05 with a -9.53% year-to-date return while the market capitalization decreased by 1.10% to settle at GH¢54.59 billion.
Financials were amongst the major laggards this week as six its counters fell on declining rates. Ecobank Ghana (-0.67%), Enterprise Group (-2.37%), GCB Bank (-2.67%), CAL Bank (-4.88%), Societe Generale (-8.57%) and Republic Bank (-12.28%) dragged the GSE Financial Index down by 32.36 points (-1.70%) to close at 1,874.05 with a -7.21% year-to-date return.
Meanwhile, the SAS Manufacturing Index stayed flat (W-o-W) at 3,192.63 with a year-to-date return of -8.30%.
GOIL Company (-2.44%), MTN Ghana (-4.69%) and Total Petroleum (-13.67%) summed up the decliners’ chart this week.
Trading activity weakened as 24,261,385 shares valued at GH¢15,315,136 changed hands compared to 27,413,831 shares valued at GH¢19,716,661 last week. MTN Ghana dominated trades by volume and value, accounting for 99.46% of total volume traded and 98.90% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.