Major sector indices stay flat while TOTAL inches Benchmark Index lower

Market Summary

The benchmark index shed 0.54 points (-0.02%) to close at 2,177.87 with a -3.51% year-to-date return following a decline in the price Total Petroleum (-1.67%) while market capitalization stayed at GH¢56.18 billion.

Major sector indices remained flat. The GSE Financial Index recorded no gains or losses, closing at 1,951.05 with a year-to-date return of -3.40% while the SAS Manufacturing Index was at 3,215.74 with a -7.63% year-to-date return for the thirteenth consecutive session.

Trading activity strengthened as 40,291 shares valued at GH¢54,620 changed hands compared to 20,995 shares valued at GH¢17,814 at the previous session. Ecobank Ghana dominated trades by volume, accounting for 40.18% of the total volume traded while Total Petroleum dominated trades by value, accounting for 48.61% of the total value traded.

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