Saturday, September 28, 2013

Guinness Ghana (GGBL) & PZC reached record highs : Market Recap

The stock market gained more ground, recording a second straight win, following positive returns on two banking stocks, together with PZC and GGBL. The GSE-Composite Index rose 5.73 points to close the week at an all time high of 2,020.26.
The financial stock index also followed suit recovering from its three days losing streak. The GSE-Financial Stock Index went up 1.79 points to 1,691.90 from Thursday's closing of 1,690.11.

A total of 0.14 million shares were traded on the exchange today, amounting to a sum of GHS0.68 million.  The trade volume and value decreased by 99.40% and 95.71% respectively. Trading was dominated by EGL and SCB, with EGL responsible for 18.56% of the volume traded and SCB, 54.58% of the trade value.

GGBL and PZC reached record highs after picking up ten (10) pesewas and three (3) pesewas to close at GHS5.40 and GHS0.90 respectively. SCB was up four (4) pesewas to GHS14.18, CAL also went up two (2) pesewas to close at GHC1.06. The downside had BOPP, EBG and GCB.

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