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Business News of Thursday, 12 October 2017

Source: Databank Research

GSE-CI dips after 4-day gaining streak

The market indices retreated today, suppressed by price declines in Fan Milk and Ecobank Ghana.

The Ghana Stock Exchange’s Composite Index (GSE-CI) declined by 2.73 points to ~2,284 points while the Databank Stock Index receded by 32.25 points to ~29,409 points.

The GSE-CI and the Databank Stock Index have thus reduced their year to date returns to 35.24% and 31.69% respectively.

Market activity on the Ghana Stock Exchange surged by 145% d/d to 1.10 million shares.

These shares which were exchanged across 11 counters were valued at ~GH¢1.96 million

The trading session ended with an equal number of gainers and laggards. Ecobank Ghana advanced by 9Gp to GH¢7.19 while PBC Ltd gained a pesewa to 5Gp.

Standard Chartered Bank however, declined 33Gp to GH¢19.67 while Fan Milk shed 9Gp to GH¢19.40.