Societe Generale drives financial index up on the stock market

The GSE Composite Index shed 11.69 points (-0.62%) to close at 1,887.65 with a year-to-date return of -16.37% while the market capitalization decreased by 0.23% to settle at 52.82 billion.

The GSE Financial Index was up 0.29 points (+0.02%) on the back of Societe Generale (+3.33%) to close at 1,725.33 with a -14.57% year-to-date return while the SAS Manufacturing Index was unchanged at 2,599.53 with a year-to-date return of -25.33% due to the sole decliner at the session.

Trading activity strengthened as 74,789 shares valued at GH¢41,242 changed hands from 4,900 shares valued at GH¢7,615 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 48.00% of the total volume traded and 50.51% of the total value traded.

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