Stock index slumps on loss of financial stocks

Accra, July 13, GNA - The main index of the Ghana Stock Exchange (GSE) slumped at the beginning of the week on Monday on the loss of financial stocks. The main benchmark GSE All-Share index lost 23.91 points at 5,392.78 points from 5,416.69 points. Change for the year to date is -48.30 per cent. Traded volumes closed at a high of 1,172,500 shares with State Insurance Company selling 1,054,500 shares. Market capitalisation began the week at GH¢5,392.78 million. On the broader market, there were three price changes, one up and two down. CAL Bank gained GH¢0.01 at GH¢0.24; State Insurance Company lost GH¢0.01 GH¢0.24; and SG-SSB also lost GH¢0.06 at GH¢0.40.