The benchmark index closed the week 18.22 points (-0.98%) lower at 1,864.32 with a -18.21% year-to-date return due to Ecobank Ghana (-14.29%) while the market capitalization moderated by 0.05% to close at GH¢53.27 billion.
The GSE Financial Index shed 33.21 points (-1.94%) to close at 1,667.29 with a -17.45% year-to-date return in spite of gains in Ecobank Transnational (+16.67%), Societe Generale (+9.38%) and Standard Chartered (+0.67%).
The SAS Manufacturing Index was unchanged at 1,934.21 with a year-to-date return of -44.44%.
A total of 10,686,783 shares valued at GH¢8,090,248 changed hands from 11,455,041 shares valued GH¢8,069,161 last week. MTN Ghana dominated trades by volume and value, accounting for 86.59% of the total volume traded and 69.75% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.