The benchmark index closed 29.
82 points (-1.
59%) lower as a result of downward price movements in four banking, agroprocessing and oil marketing counters to settle at 1,840.
68 with a -18.
45% year-to-date return.
The market capitalization decreased by 0.
59% to close at GH¢52.
Ecobank Ghana (-10.
00%) and CAL Bank (-7.
69%) dragged the GSE Financial Index down by 48.
59 points (-2.
81%) to close at 1,678.
05 with a -16.
91% year-to-date return.
The SAS Manufacturing Index was down 13.
32 points (-0.
57%), closing at 2,314.
52 with a year-to-date return of -33.
52% due to Benso Oil (-10.
GOIL Company (-1.
26%) completed the losers’ chart at GH¢1.
Trading activity strengthened as 4,056,253 shares valued at GH¢4,256,139 changed hands from 541,922 shares valued at GH¢634,342 in the previous session.
CAL Bank dominated trades by volume, accounting for 67.
85% of the total volume traded while Ecobank Ghana dominated trades by value, accounting for 47.
29% 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.