The benchmark index shed 15.50 points (-0.70%) this week
Market Summary
The benchmark index shed 15.50 points (-0.70%) this week, closing at 2,196.72 with a -2.68% year-to-date return as six counters fell on declining rates while the market capitalization eased to GH¢56.55 billion, decreasing by 0.28%.
SCB (+5.56%), the sole gainer this week pushed the GSE Financial Index up by 15.33 points (+0.77%) to settle at 2,017.85 with a -0.09% year-to-date return amid losses in SIC (-11.11%), GCB (-2.81%), CAL (-1.04%) and EGH (-0.13%).
The SAS Manufacturing Index moderated by 1.78 points (-0.05%) to close at 3,265.92 points with a year-to-date return of -6.19% due to FML (-0.24%).
MTNGH (-2.94%) summed up the losers’ chart.
This week’s trading activity weakened as 2,481,186 shares valued at GH¢2,078,982 changed hands compared to 3,625,470 shares valued at GH¢2,703,767 last week.
MTN Ghana dominated trades by volume and value for the fourth successive week, accounting for 77.55% of total volume traded and 62.00% of the total value traded.
We expect trading activity to pick up as investors await earnings announcements.
