Market Summary

The benchmark index advanced by 19. 60 points (-1. 01%) to close the week at 1,960.63 with a -13.14% year-to-date return on the back of MTN Ghana (+5.45%) while the market capitalization increased by 0.38% to settle at GH¢53.75 billion.

Downward price movements in Societe Generale (-7.69%) moderated the GSE Financial Index by 6.31 points (-0.34%) to close at 1,836.79 with a -9.05% year-to-date return.

The SAS Manufacturing Index was down 165.48 points (-5.55%) due to Fan Milk (-27.51%), closing the week at 2,814.65 with a year-to-date return of -19.15%.

Two oil marketing counters, Total Petroleum (-3.61%) and GOIL Company (-1.90%) completed the decliners’ chart this week.

Trading activity weakened as 17,567,772 shares valued at GH¢11,727,956 changed hands compared to 35,404,330 shares valued at GH¢ GH¢21,112,451 last week.

MTN Ghana dominated trades by volume and value, accounting for 95.04% of total volume traded and 80.85% of the total value traded.

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