The benchmark index moderated by 2.
35 points (-0.
13%) to close at 1,870.
50 with a -17.
13% year-to-date return as three insurance, oil marketing and beverage counters fell on declining rates.
The market capitalization was down 0.
05% to close at GH¢52.
Meanwhile, Societe Generale (+1.
61%) and GCB Bank (+0.
26%) edged the GSE Financial Index up by 1.
43 points (+0.
08%) to close at 1,726.
64 with a -14.
51% year-to-date return.
The SAS Manufacturing Index shed 37.
68 points (-1.
59%), closing at 2,327.
84 with a year-to-date return of -33.
14% due to Guinness Ghana (-7.
GOIL Company (-1.
26%) and Enterprise Group (-0.
70%) completed the decliners’ chart at the session.
Trading activity weakened as 541,922 shares valued at GH¢634,342 changed hands from 846,368 shares valued at GH¢176,509 in the previous session.
While MTN Ghana dominated trades by volume, accounting for 35.
60% of the total volume traded, GCB Bank dominated trades by value, accounting for 28.
92% 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.