Ecobank Ghana and IIL slip to end week lower

Market Summary

The benchmark index moderated by 6.55 points (-0.29%) to close the week at 2,252.13 with a -0.22% year-to-date return while the market capitalization declined by 0.21% to settle at GH¢56.74 billion.

SIC Insurance (+12.50%), Republic Bank (+7.14%) and CAL Bank (+1.12%) were the major gainers during the week. However, a price depreciation in Ecobank Ghana (-4.20%) tumbled the GSE Financial Index by 12.19 points (-0.60%) to close at 2,007.45 with a -0.60% year-to-date return.

The SAS Manufacturing Index was unchanged at 3,481.52 with a YTD of 0.00%.

Intravenous Infusions (-20%) completed the losers’ chart.

Trading activity waned as a total of 1,895,117 shares valued at GH¢1,081,019 summed up the holiday-shortened week compared to 16,983,146 shares valued at GH¢12,440,174 last week.

MTN Ghana dominated trades by volume and value, accounting for 54.80% of total volume traded and 67.26% of the total value traded.

We expect activity levels to surge at the coming sessions.