The benchmark index was up 3.02 points (+0.16%) to close at 1,876.41 with a -16.87% year-to-date return as a result of a price appreciation in CAL Bank (+8.33%) while the market capitalization inched up by 0.06% to close at GH¢52.71 billion.
Accordingly, the GSE Financial Index advanced by 5.57 points (+0.32%) to close at 1,725.21 with a -14.58% year-to-date return.
The SAS Manufacturing Index stayed at yesterday’s level of 2,555.05 with a year-to-date return of -26.62%.
Trading activity strengthened as 1,583,708 shares valued at GH¢930,981 changed hands from 28,357 shares valued at GH¢30,092 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 95.55% of the total volume traded and 94.27% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Company in Focus
Golden Star Resources Limited (GSE: GSR)
GSR is an established gold mining company that owns and operates the Wassa and Prestea underground mines in Ghana.
Golden Star is listed on the New York Stock Exchange (NYSE), the Toronto Stock Exchange (TSX) and the Ghana Stock Exchange (GSE).
The current share price of GSR on the GSE is GH¢9.50 (0.00% YTD).