Financial index closes flat while Fan Milk moderates manufacturing index

The GSE Composite Index was marginally down 0.56 points (-0.03%), closing at 1,899.34 with a year-to-date return of -15.85% while the market capitalization stayed at 52.95 billion.

The GSE Financial Index closed flat at yesterday’s level of 1,725.04 with a -14.

59% year-to-date return while the SAS Manufacturing Index shed 8.90 points (-0.34%) to close at 2,599.53 with a year-to-date return of -25.33% due to the sole decliner at the session, Fan Milk (-2.78%).

Trading activity waned as 4,900 shares valued at GH¢7,615 changed hands from 202,472 shares valued at GH¢63,538 in the previous session.

Fan Milk dominated trades by volume and value, accounting for 81.63% of the total volume traded and 91.92% of the total value traded.

We expect activity levels to increase as investors take advantage of bargain stocks.