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GSE suspends bearish trend as the market ends green

Financial equities on the GSE remained quiet and recorded no price changes by end of the last trading session ending 20 November 2020

The Ghana Stock Exchange (GSE) closed the last day of trading at green with the GSE-Composite Index appreciating by 11.74 points (0.65%) to 1,821.83 points from a previous day of 1,810.09 with it year-to-date return at -19.29%.

Consequently, the market capitalization increased by 0.23% to close at GHC53,118.73 million.

Financial equities on the Ghana Stock Exchange (GSE) remained quiet and recorded no price changes by end of the last trading session ending 20 November 2020. Hence, the GSE-Financial Stock Index still with a four-week decline of 1.03%, maintained its level at 1,623.20 points and a year-to-date return of -19.63%

Total volume and value on Friday (20 November) decreased by 90% and 82% each comparing it to Thursday’s (19 November) session.

The market saw 212,155 shares change hands at a market value of GHC 220,886.88. Fan Milk Ltd dominated trading activity as 195,000 shares traded on the market at GHC 1.08, MTN Ghana followed with 15,935 shares trading at GHC 0.61.

It was the only mover on the market adding a pesewa (1.67%) to its opening share quote of GHC 0.60.

We had eight listed equities participating in Friday’s trading session and the other six shares; Cocoa Processing Company (GHC 0.03)), Camelot Ghana (GHC 0.11), Aluworks Limited (GHC0.11), Ghana Oil (GHC1.50), Standard Chartered Bank (GHC 15.10) and Ecobank Ghana Ltd (GHC 5.00) traded less than a thousand shares each.

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