The benchmark index advanced by 33.27 points (+1.69%) on the back of four counters to close the week at 2,002.29 with a 3.13% year-to-date return while the market capitalization increased by +0.70% to settle at GH¢55.07 billion.
Republic Bank (+9.76%), Societe Generale (+9.09%) and GCB bank (+8.64%) pushed the GSE Financial Index upward by 26.68 points (+1.47%) to close at 1,816.34 with a 1.88% year-to-date return, despite a dip in Access Bank (-2.05%).
The SAS Manufacturing Index declined by 4.62% due to Unilever Ghana to close the week at 1,619.23 with a year-to-date return of -4.83%.
MTN Ghana (+3.03%) completed the gainers’ chart this week at GH¢0.68.
Trading activity waned as 6,392,186 shares valued at GH¢9,050,159 changed hands from 20,387,216 shares valued at GH¢13,430,254 last week. MTN Ghana dominated trades by volume, accounting for 78.17% of the total volume traded while GCB Bank dominated trades by value, accounting for 60.71% of the total value traded.
We expect trading activity to surge.
