Business News of Thursday, 2 July 2020

Source: SAS Ghana

Benchmark index marks positive closure while major sector indices moderate

CAL Bank (-3.95%) moderated the GSE Financial Index by 3.34 points (-0.19%)CAL Bank (-3.95%) moderated the GSE Financial Index by 3.34 points (-0.19%)

The GSE Composite Index advanced by 33 points (+1.77%) on the back of two telecom and oil marketing counters, MTN Ghana (+5.36%) and GOIL Company (+3.13%) to close at 1,899.90 with a year-to-date return of -15.83% while the market capitalization increased by 0.65% to 52.95 billion.

CAL Bank (-3.95%) moderated the GSE Financial Index by 3.34 points (-0.19%) to close at 1,725.04 with a -14.59% year-to-date return.

The SAS Manufacturing Index shed 35.59 points (-1.35%) to close at 2,608.43 with a year-to-date return of -25.08% due to Fan Milk (-10.00%).

A total of 202,472 shares valued at GH¢63,538 changed hands from 48,249 shares valued at GH¢65,407 in the previous session.

Intravenous Infusions dominated trades by volume, accounting for 67.

02% of the total volume traded while CAL Bank dominated trades by value, accounting for 35.41% of the total value traded.

We expect activity levels to increase as investors take advantage of bargain stocks.