The benchmark index advanced by 18.66 points (+1.01%) on the back of three banking, telecom and consumer products to close the week at 1,864.32 with a -17.40% year-to-date return while the market capitalization increased by 0.47% to close at GH¢53.30 billion.
Standard Chartered (+7.14%) pushed the GSE Financial Index up by 23.39 points (+1.39%) to close at 1,700.50 with a -15.80% year-to-date return while the SAS Manufacturing Index shed 94.45 points (-4.66%) to close at 1,934.21 with a year-to-date return of -44.44%.
Trading activity strengthened as 11,455,041 shares valued at GH¢8,069,161 changed hands from 7,388,036 shares valued GH¢7,865,963 last week. MTN Ghana dominated trades by volume and value, accounting for 91.22% of the total volume traded and 77.72% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.