Business News of Thursday, 1 October 2020

Source: SAS Ghana

Fan Milk dominates trading for two straight sessions while stock market closes flat

The GSE Financial Index remained unchanged at yesterday The GSE Financial Index remained unchanged at yesterday

Market Summary The benchmark index recorded no gains or losses, closing at 1,856.56 with a -17.75% year-to-date return while the market capitalization stayed at GH¢53.16 billion.

The GSE Financial Index remained unchanged at yesterday’s level of 1,675.63 with a -17.03% year-to-date return while the SAS Manufacturing Index closed flat at 2,028.66 with a year-to-date return of -41.77% for the eighth successive session.

Trading activity surged as 6,649,360 shares valued at GH¢6,881,509 changed hands from 371,664 shares valued at GH¢572,668 in the previous session.

Fan Milk dominated trades by volume and value for two straight sessions, accounting for 98.27% of the total volume traded and 98.75% of the total value traded.

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