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GSE-CI closes in the red as MTN drops

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GSE-CI closes in the red as MTN drops

At the close of trading on Tuesday, the equity market slipped to close in the  red on the back of price decline in Scancom PLC (MTNGH) as the stock lost  GH¢0.02 pesewas to close at GH¢1.24.

As a result, the benchmark GSE Composite Index (GSE-CI) lost 22.29 points to close at 2,788.57 representing  a YTD return of 43.62%.

The GSE Financial Stock Index (GSE-FSI) however  gained 2.17 points to close at 1,980.43as CAL Bank appreciated 2.78%to close  at GH¢0.74; representing a YTD return of 11.09%.  

Market Capitalization therefore decreased by GH¢233.28 million to close at  GH¢63.47billionrepresenting a YTD growth of 16.73%. 

Read This: Ghana’s economy shows strong growth prospects – Moody’s and S&P affirm Ghana’s credit rating

Trade volume and value significantly increased from the previous trading session as 3,945,672 shares valued at GH¢4,949,592 was  traded among ten (10) equities.

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MTN recorded the lion’s  share of trades in both volume and value as it accounted for 96.4% of the  total volume traded and 95.3% of the total value traded.

Details of the Daily Equity Market report of SIC Brokerage:

Daily Equity Market Report_14.09.2021 by Fuaad Dodoo on Scribd

Source: norvanreports
Tags: GSE Composite Index (GSE-CI)GSE Financial Stock Index (GSE-FSI)GSE-CI closes in the red as MTN dropsScancom PLC (MTNGH)
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