Business News of Wednesday, 27 January 2021

Source: SAS Ghana

Stock market opens week flat while CAL Bank dominates trading activity

Trading activity declined as 95,807 shares valued at GHTrading activity declined as 95,807 shares valued at GH

Market Summary

The GSE Composite Index opened the week flat at 2,002.29 with a 3.13% year-to-date return while the market capitalization was unchanged at GH¢55.07 billion.

The GSE Financial Index recorded no gains or losses, closing at 1,816.34 with a year-to-date return of 1.88% while the SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.

Trading activity declined as 95,807 shares valued at GH¢67,950 changed hands from 2,493,413 shares valued at GH¢6,288,470 in the previous session.

CAL Bank dominated trades by volume and value, accounting for 63.43% of the total volume traded and 61.84% of the total value traded.

We anticipate activity levels to increase.