The GSE Composite Index advanced by 29.61 points (+1.45%)
The GSE Composite Index advanced by 29.61 points (+1.45%) on the back of MTN Ghana (+4.92%) to close the session at 2,073.21 with a -8.15% year-to-date return while the market capitalization increased by 0.56% to settle at GH¢54.92 billion.
The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,876.92 with a year-to-date return of -7.07%.
The SAS Manufacturing Index shed 94.19 points (-2.95%) due to Guinness Ghana (-12.50%) to close at 3,098.44 with a -11.00% year-to-date return.
Trading activity weakened as 71,500 shares valued at GH¢23,313 changed hands from 183,700 shares valued at GH¢1,375,307 at the previous session. SIC Insurance dominated trades by volume, accounting for 70.21% of the total volume traded while MTN Ghana dominated trades by value, accounting for 47.10% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
