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Business News of Wednesday, 17 March 2021

Source: SAS Ghana

Stocks book flat start to trading activity for the week

The GSE Financial Index recorded no gains or losses The GSE Financial Index recorded no gains or losses

Market Summary

The GSE Composite Index began the week flat at 2,214.90 with a year-to-date return of 14.08% while the market capitalization stayed at GH¢57.13 billion.

The GSE Financial Index recorded no gains or losses, closing at the previous session’s level of 1,856.06 with a 4.11% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.

Trading activity waned as 10,811 shares valued at GH¢24,481 changed hands from 707,836 shares valued at GH¢598,345 in the previous session.

Cal Bank dominated trades by volumes, accounting for 56.29% of the total volumes traded while Standard Chartered dominated trades by value, accounting for 61.66% of the total value traded.

We expect trading activity to pick up as companies continue to release their earnings results.