The benchmark index closed the week 48.
51 points (-2.
52%) lower at 1,872.
79 with a -17.
03% year-to-date return as five insurance, oil marketing, telecom and banking stocks fell on declining rates while the market capitalization decreased by 0.
96% to settle at GH¢52.
67 billion.
CAL Bank (+8.
70%) was the major gainer this week.
However, downward price movements in Enterprise Group (-0.
69%), GCB Bank (-5.
56%) and Standard Chartered (-5.
88%) dragged the GSE Financial Index downward by 27.
01 points (-1.
53%) to close at 1,739.
25 with a -13.
88% year-to-date return.
The SAS Manufacturing Index recorded no gains or losses, closing the week at 2,644.
01 with a year-to-date return of -24.
06%.
Trading activity surged as 36,078,708 shares valued at GH¢23,565,696 changed hands compared to 1,292,108 shares valued at GH¢4,209,534 last week.
MTN Ghana dominated trades by volume and value, accounting for 97.
20% of total volume traded and 83.
33% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
.
