Ghana: Markets close with two gainers and two losers
The stock market bounced back from Friday’s slide with gains by two advancers offsetting declines by two others.
The benchmark Composite Index opened the week up by 0.51 points to close at 1,036.48, bringing its year to date return to 6.96%. The Financial Index also gained 1.08 points to close at 872.44
Trading activity at the week’s opening session was also given a boost by trades in the shares of Mechanical Lloyd which accounted for 88% of volume and 36% of value. A total of 348,226 shares valued at GH¢103,538 changed hands in fourteen equities.
On price movements, CAL Bank and Mechanical Lloyd inched up a pesewa each to 33GHp and 12GHp. On the other hand Tullow Oil and UT Bank failed to hold on to gains registered last week. Tullow shed 21GHp to close at GH¢38 while UT Bank slipped to 32GHp.