Banking stocks pulled the market down as all indexes recorded significant loss

CBL – The GSE-Composite Index declined by 1.25 points, as the stock market recorded its third successive loss. The index closed at 1,043.18 points from 1,044.43 points. With three out of the four losers being banking stocks, the GSE-Financial Stock Index fell 1.58 points to close at 874.75 points.

A total of 0.25 million shares valued at GHS0.77 million were traded on the exchange today. Today’s turnover was more than three times the previous session’s, though the trade volume declined by 32.15%. Guinness Ghana Brewery Ltd (GGBL) led the market with 39.47% of the trade volume and 32.29% of the value traded.
GCB was the sole gainer, up GHS0.01 to GHS2.01. CAL Bank, SCB, UNILEVER and UT Bank declined by a pesewa each. The New Gold ETF lost GHS0.02 to close trading at GHS33.23.

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