Stock Market kicks off New Year flat

There were no gainers or losers at the session as the benchmark index closed flat to start the new year at 2,257.15 with a 0.00% year-to-date return while market capitalization stayed at GH¢56.79 billion.

Consequently, sector indices remained unchanged. The GSE Financial Index closed at 2,019.65 with a year-to-date return of 0.00% while the SAS Manufacturing Index took its successive changeless run to three sessions, closing at 3,481.52 with a 0.00% year-to-date return.

Trading activity waned as 71,345 shares valued at GH¢14,769 changed hands compared to 16,625,829 shares valued at GH¢12,214,426 at the previous session.

SIC Insurance dominated trades by volume and value, accounting for 86.62% of total volume traded and 33.47% of the total value traded.

We expect trading activity to increase as the holiday season ends.