The benchmark index advanced by 8.68 points (+0.46%) on the back of GCB Bank (+10.00%) to close at 1,881.45 with a -16.64% year-to-date return while market capitalization increased by 0.17% to close at GH¢52.93 billion.
Accordingly, the GSE Financial Index gained 16.03 points (+0.93%), closing the session at 1,735.76 with a -14.06% year-to-date return.
The SAS Manufacturing Index remained unchanged at 2,599.53 with a year-to-date return of -25.33%.
Trading activity weakened as 72,322 shares valued at GH¢50,086 changed hands from 6,070,377 shares valued at GH¢3,471,935 in the previous session. CAL Bank dominated trades by volume and value, accounting for 57.38% of the total volume traded and 53.86% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Company in Focus
NewGold Issuer Limited (GSE: GLD)
GLD, sponsored by Absa Capital, is an investment holding company managing NewGold Exchange Traded Fund. The company provides investors the opportunity to invest in commodity markets and gold bullion by issuing listed instruments (structured as debentures) backed by physical gold.
The debentures are listed on Ghana (GSE), Johannesburg (JSE), Botswana (BSE), and Nigerian Stock Exchange (NSE), and secondary listed on Uganda (USE), Mauritius (SEN), and Zambia Stock Exchange (LuSE).
The current share price of GLD on the GSE is GH¢90.90 (+68.33% YTD from GH¢54.00).