Two stocks cause Index to slide

The GSE-Composite Index suffered a loss today as the index was down 6.49 points from 1,885.76 points to 1,879.27 points.The change brings the year-to-date return to 11.26%. The GSE-Financial Stock Index was also down 9.29 points, closing trading on Monday at 1,777.52 points. The corresponding year-to-date return on financial stocks is 15.02%.

A total of 0.11 million shares, valued at GHS0.26 million traded on the exchange today. Today’s volume and value dropped by 79.48% and 18.92% respectively, compared to that of the previous sessions. UTB dominated trading with 51.58% of the total trade volume, whiles FML, had 75.84% of the total trade value.

GGBL climbed 2 pesewas to close at GHS1.52. BOPP was also up by a pesewa to close at GHS3.22. On the downside, GOIL and SCB slipped to GHS1.31 and GHS15.45 from GHS1.32 and GHS15.83 respectively.

Courtesy: CAL BROKERS LTD

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