The GSE Composite Index advanced by 23.49 points (+1.08%) on the back of MTN Ghana (+2.50%) to close the week at 2,200.92 with a year-to-date return of 13.36%. The market capitalization increased by +0.43% to settle at GH¢57.15 billion.
The GSE Financial Index stayed unaffected, closing at 1,873.31 with a year-to-date return of 5.08% while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.
NewGold (4.64%) was the sole decliner this week at GH¢100.60.
Trading activity rebounded as 7,337,037 shares valued at GH¢6,334,808 changed hands from 1,847,324 shares valued at GH¢1,725,701 last week. MTN Ghana dominated trades by volumes and value, accounting for 54.58% and 50.70% of the total volumes and value traded, respectively.
We expect trading activity to surge.