Monday, March 18, 2013

How the stock market stretched winning streak to 6 successive sessions


The stock market stretched its recent winning streak to six  successive sessions, following gains in three stocks. The GSE-Composite Index closed at 1,644.23, up 3.20 points from 1,449.86. The GSE-Financial Stock Index followed suit, climbing 1.75 points to close trading at 1,451.61.

Liquidity was thin on the market today as the 0.02 million shares traded, is the lowest volume recorded in 2013. The corresponding trade value was GHS0.08 million, down 95% from the previous session's turnover. Guinness Ghana (GGBL) dominated trading accounting for 32.43% of the shares traded and 40.03% of the total value traded.
GGBL closed at a record high of GHS3.51, up GHS0.05. Other gainers were CAL bank and Ghana commercial Bank (GCB). The downside saw SIC Insurance slip to GHS0.30 per share.

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