Tullow Oil stocks sprang Ghana Stock Market to a record high. Find out How?

The GSE-Composite Index sprang to a record high on the back of a 6.11% gain on TLW stocks. The index closed mid-week trading at 1,758.92, 0.90% return on Tuesday’s closing of 1,743.21. The change brings the year-to-date return to 46.61%.

Upward movement on GCB and EGL stocks halted the 3-day losing streak of the GSE-Financial Stock Index. It closed trading on Wednesday at 1,578.87, up 19.48 points from 1,559.39.

A turnover of 1.28 million shares resulted in a consideration of GHS5.46 million. Nineteen times more shares were traded on the exchange today, compared to the previous session. Trade value increased by more than thirty-seven times. EBG emerged as the dominant equity, 75.47% of the trade volume and 87.37% of the total value traded.

PBC recorded the only loss, falling 2-pesewas to GHS0.18. The upside saw six stocks appreciate in price. They included GCB, GGBL and GOIL; all closing at 52-week highs. Others were EGL, FML, TLW and TOTAL.

Courtesy: CBL

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