Friday, September 21, 2012

Trouble hits the Ghana Stock Exchange as major indexes record second successive loss


The stock market ended the last trading session of the week in red as major indices went down again. The GSE-Composite Index recorded back-to-back losses following negative changes in CAL and TOTAL. The index dropped 0.51 points to close the week at 1,039.94 points, bring the year-to-date return to 7.32%. The financial stock benchmark dropped more points and recorded a second successive loss, down 1.43 points from 873.22 points to 871.79 points.

The trade value recorded today was GHS0.15 million, a 31.70% increment over the previous session's, as 0.50 million shares traded. Trading was dominated by Mechanical Lloyd Company (MLC) with 72.43% of the trade volume and 31.66% of the value traded.
Fan Milk (FML) and Mechanical Lloyd Company (MLC) closed at new year-highs of GHS2.75 and GHS0.13 respectively. Losers included CAL Bank and TOTAL.

COURTESY: CBL RESEARCH

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