Manufacturing Index halts changeless streak after 17th session

Market Summary

The benchmark index inched 0.23 points (-0.01%) lower due to Fan Milk to close at 2,159.38 with a -4.33% year-to-date return while market capitalization stayed at GH¢55.98 billion.

The GSE Financial Index recorded no gains or losses to close at 1,922.92 with a year-to-date return of -4.79%.

Fan Milk (-0.49%) moderated the SAS Manufacturing Index by 3.56 points (-0.11%) at 3,212.19 with a -7.74% year-to-date.

Trading activity waned as 6,719 shares valued at GH¢14,962 changed hands from 265,500 shares valued at GH¢989,327 at the previous session. GOIL Company dominated trades by volume and volume, accounting for 74.42% of the total volume traded and 54.81% of the total value traded.

We expect trading activity to pick up as investors take advantage of bargain stocks.