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GSE major indices end the week flat

The day saw six listed equities on the Ghana Stock Exchange (GSE)partaking in trading activity and ended with no gainers nor losers

The Ghana Stock Exchange (GSE) closed the last trading session for the week with the major indices closing flat.

The GSE-Composite Index maintained its level at 1,893.10 points and a year-to-date return of -16.13%.

The Financial Stock Index did not see any changes as well with the level at 1,716.01 points. It records a week-to-date return of +2.25% and a 4-week return of +5.72%. The market capitalization of the ends the week at GHC53.87 billion.

The day saw six listed equities partaking in trading activity and ended with no gainers nor losers.

MTN Ghana continued its dominance on the GSE with 7,857,200 shares trading at GHC4,950,036. Ecobank Transnational Incorporated followed with 23,600 shares changing hands at GHC 0.08 per share worth GHC 1,888.00.

Aluworks and Benso Oil Palm Plantation traded 14,600 and 2,300 at GHC 0.11 and GHC 2.00 respectively. Cal Bank was the least traded equity with 1,600 exchanging hands at GHC 0.69 per share.

This brought total shares trading on the bourse to 7,899,729 on Friday (18 December); down by 4% comparing it to Thursday’s trading session. The worth of these shares also declined by 7% to seal the day at GHC 4,959,349.53.

The week saw MTN Ghana dominating trading activity in terms of volume and value and this is expected to continue in the coming week with less price volatility.

Bertha Atubiga, Market Analyst

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