Stock Market Update: GSE bounces back as stocks rally

No losses were recorded on the Ghana Stock Exchange as the market bounced back from Thursday’s loss. The GSE-Composite Index went up 9.84 points, as stocks edged upwards, to close the week at 1,778.07, resulting in a year-to-date return of 48.21%.

Financial stocks returned 0.69% today, driven by marginal gains on ETI and GCB, as the financial stock index went up 10.94 points to 1,587.32.
Stock turnover increased by 83.91% from 1.15 million shares on  Thursday, to 2.11 million shares. The corresponding trade value was GHS0.50 million, 92% less than previous session’s. ETI shares were the most traded, representing 96.18% of the volume and 64.53% of the total value of trade.
ETI bounced back from yesterday’s loss to close at GHS0.16. Other gainers were GCB, GGBL and GOIL.

– CBL

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