Market Performance

Market Indices Trend

Top Trades by Volume

Top Trades by Value

Gainers & Loser

Market Summary

The market closed the week 32.84 points (-1.09%) lower, on the back of losses recorded in eight counters in the telecom, banking, oil and insurance sectors to close at 2,974.02 with a 15.28% year-to-date return. Market capitalization declined by 0.49% to settle at GH¢65.80 billion.

Financial stocks dropped by 43.22 points (-1.68%) to close with a 9.65% year-to-date return on the back of downward price movement in Standard Chartered Bank (-0.38%), Access Bank Ghana (-0.96%), Ecobank Ghana Holdings (-0.62%), Enterprise Group Limited (-0.66%), Republic Bank Ghana (-12.41%) and CAL Bank (-4.31%). The manufacturing index recorded no gains or losses for the entire week, closing with a -5.84% year-to-date return.

Total volume traded jumped by 194.60% to 840,045 shares while total value traded increased by 214.41% to GH¢2,882,639. MTN Ghana (MTNGH) dominated trades by volume, accounting for 45.72% of total volume traded while Standard Chartered Bank (SCB) accounted for 35.15% of total value traded.

Company in Focus

Ecobank Transnational Incorporated (ETI)

Ecobank Transnational has appointed Mrs. Aichatou Agne Pouye to its Board of Directors. Mrs. Pouye is a professional with over 30 years of experience in the private sector, public administration and international organisations.

BOND Savings and Loans (BOND)

BOND has announced the listing of its 3 year unsecured floating rate note on the Ghana Fixed Income Market. The issue amount for the tranche is GH¢13,981,000 and has a coupon rate of GoG 182-Day Treasury Bill Rate plus 557 basis points.