Losses in three counters in the telecoms, banking and insurance sectors erased gains from the previous session, dragging the benchmark index down by 47.95 points (-1.78%) to close at 2,688.08 with a 4.20% year-to-date return. Market capitalization declined by 0.76% to settle at GH¢62.55 billion.
Financial stocks declined by 3.16 points (-0.14%) on the back of losses in Enterprise Group Limited (-0.76%) and GCB Bank Limited (-1.24%) to close at 2,254.53 with a -2.43% year-to-date return.
Fan Milk Ghana Limited (+2.56%) gained GH¢0.23 to close at GH¢9.23. Consequently, the manufacturing index rose by 40.92 points (+0.84%) to close at 4,898.16 with a -16.90% year-to-date return.
Trading activity strengthened with 536,583 shares valued at GH¢4,846,798.02 changing hands from 340,258 shares valued at GH¢1,522,177.53 in the previous session. Fan Milk Ghana Limited (FML) dominated trades by both volume and value, accounting for 97.16% of total volume traded and 99.29% of total value traded.
We expect the market’s performance to decline tomorrow as stocks remain net offered.
September Earnings Season - Highlights
Gainers & Losers
Top Trades by Volume