The year-to-date return on financial stocks outpaced the return on the market, with CAL, GCB, EGL and SIC providing the needed boost. The GSE-Financial Stock Index closed at 1,675.28 with a year-to-date change of 61.11%..
The stock market’s performance indicator recorded 0.53% gain, as upward price movement in six equities helped the index to its third consecutive win. The index closed trading at a record high of 1,931.22, 10.16points higher than the previous session. The change brings the year-to-date return to 60.97%.
The 2.12 million shares traded today, was nearly three times the volume recorded at the last session. A total of GHS4.51 million was realized from today’s trades, a four-fold increment over the previous session. Of the shares traded, 64.13% were CAL shares.
Top gainer today was CAL, up 8 pesewas to a record high of GHS1.11. BOPP also reached a record high of GHS3.40 after gaining 2 pesewas. Others were EGL, GCB, FML and SIC. Oil giant, TLW, shed a pesewa to close at GHS31.09. TOTAL fell by the same margin.
Courtesy: CBL RESEARCH.