Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Ecobank Transnational Incorporated (+7.14%), SCB Preference Shares (+1.18%), GCB Bank Limited (+0.76%) and Enterprise Group Limited (+0.45%) were this week’s top gainers. However, six counters in the banking, insurance and petroleum marketing sectors closed lower, dragging the benchmark index down by 1.58% to close at 2,405.83 with a -6.47% year-to-date return. Market capitalization declined by 0.32% to settle at GH¢59.44 billion.
Cal Bank Limited (-1.90%),Standard Chartered Bank (-2.50%), Societe Generale Ghana Limited (-5.56%), Agricultural Development Bank (-14.96%) and SIC Insurance Limited (-7.14%) pulled the GSE Financial Index down by 56.30 points (-2.63%) to close at 2,085.59 with a -3.16% year-to-date return.
The manufacturing index recorded no gains or losses for the second straight week, closing at last week’s level of 4,601.08 with a -1.12% year-to-date return.
Trading activity surged with 14,811,905 shares valued at GH¢10,620,940 changing hands from 1,649,435 shares valued at GH¢3,373,476 last week. MTN Ghana (MTNGH) dominated trades by volume and value, accounting for 98.79% of total volume traded and 96.44% of total value traded.
We expect activity levels to pick up as investors take advantage of bargain stocks.