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Home Business Markets

Ghana Stock Exchange suspends bearish trend as market ends green

5 years ago
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The Ghana Stock Exchange 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 GHS 53,118.73 million.

Financial equities on the Ghana Stock Exchange remained quiet and recorded no price changes by end of the last trading session ending 20th 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 decreased by 90% and 82% each comparing it to Thursday’s session.

The market saw 212,155 shares change hands at a market value of GHS 220,886.88.

Fan Milk Ltd dominated trading activity as 195,000 shares traded on the market at GHS 1.08, MTN Ghana followed with 15,935 shares trading at GHS 0.61.

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

We had eight listed equities participating in Friday’s trading session and the other six shares; Cocoa Processing Company (GHS 0.03), Camelot Ghana (GHS 0.11), Aluworks Limited (GHS 0.11), Ghana Oil (GHS 1.50), Standard Chartered Bank (GHS 15.10) and Ecobank Ghana Ltd (GHS 5.00) traded less than a thousand shares each.

Tags: bearish trendGhana Stock ExchangeGSE-CIGSE-FI
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