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Business News of Saturday, 15 May 2021

Source: SAS Ghana

New gold advances while Cal Bank, MTN Ghana fall on declining rates

The GSE Financial Index moved down by 2.17 points The GSE Financial Index moved down by 2.17 points

Market Summary

The GSE Composite Index decreased by 24.68 points (-0.94%) to close at 2,610.54 with a 34.46% year-to-date return. The market capitalization marginally declined by 0.42% to settle at GH¢61.32 billion.

The GSE Financial Index moved down by 2.17 points (-0.11%) on the back of Cal Bank (-2.38%) to close the session at 1,889.27 with a 5.97% year-to-date return while the SAS Manufacturing Index stayed flat to close at 1,431.10 with a -15.88% year-to-date return.

Trading Activity weakened as 196,911 shares valued at GH¢212,579 changed hands from 1,076,773 shares valued at GH¢1,544,664 in the previous session.

Enterprise Group dominated trades by both volumes and value, accounting for 52.10% of the total volumes traded and 73.36% of the total value traded.

We anticipate activity levels to increase.

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