Friday GSE Market Update:
Let’s look at what happened in the market today. The market closed on a bad note recording losses in four equities. The GSE-Composite Index closed the week at 1,050.34 points from 1,053.65 points.
GOIL dominated trading for the third time in five successive sessions, the sixth in ten sessions, with 67.79% of the 0.4million shares traded and 58.86% of the GHS0.20million realized.
The corresponding year-to-date change for the exchange is 8.39%. The GSE financial stock benchmark fell 0.99 points to close trading for the week at 908.34 points.
Trade volume and value increased by 51.75% and 93.65% respectively, when compared with the previous session as reported by CAL Brokers.
Aluworks Ltd (ALW
), Guinness Ghana Brewery Ltd (GGBL
) and Ghana Oil Company Ltd
) gained a pesewa each to close at GHS0.07, GHS1.76 and GHS0.41 respectively.
Meanwhile losses were recorded in four equities, PZ Cussons Ghana Ltd (PZC
), Tullow Oil
), Total Petroleum (TOTAL
) and HFC Bank
Analysts predict similar trend in stock prices for next week.
CAL Brokers still recommends Benso Oil Palm Plantation (BOPP
) and Enterprise Group Ltd
) for the fourth successive week.