The benchmark index was upbeat this week, closing 8.83 points (+0.47%) higher on the back of MTN Ghana (+1.75%) at 1,886.47 with a -16.42% year-to-date return while the market capitalization increased by 0.17% to close at GH¢52.81 billion.
Meanwhile, CAL Bank (-7.14%) moderated the GSE Financial Index by 5.57 points (-0.32%) to close at 1,725.21 with a -14.58% year-to-date return.
The SAS Manufacturing Index recorded no gains or losses, closing at last week’s level of 2,581.74 with a year-to-date return of -25.84%.
Trading activity surged as 10,379,606 shares valued at GH¢6,257,758 changed hands compared to 233,527 shares valued GH¢298,698 last week. MTN Ghana dominated trades by volume and value, accounting for 98.91% of the total volume traded and 95.17% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.