Ghana Market Watch | May 13th 2015: Ghana indices extended their positive run today

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange indices extended their positive run today on the back of gains in seven equities. The benchmark Composite index rose by 19.88 points (0.87%) to close trading at 2,301.02 points; this brings its year-to-date performance to 1.77%. Likewise, the financial index added 7.05 points (0.30%) to close at 2,333.81 points (4.02% year-to-date performance). The market capitalization was recorded at GHS 63,715 million.

A market activity measured by volume was recorded at 7.6 million shares valued at GHS 11.95 million (higher than previous trading turnover) were changing hands in twelve shares and 62 transactions. Enterprise Group Limited Ghana top the top most active traded by volume and value accounting for 93.09% and 95.93% respectively.

Consequently, the market sentiment was positive at close of trading (measured as advancers/decliners ratio) with seven advancers and zero decliner. The gainers were Total Petroleum Ghana (increased by 13.21% to close at GHS 6.00), UT Bank Ghana (gained 5.88% to close at GHS 0.18), Enterprise Group Limited Ghana (rose by 3.12% to close at GHS 1.65), CAL Bank Ghana (went up by 1.89% to close at GHS 1.08), HFC Bank Ghana (advanced by 0.58% to settle at GHS 1.72), Fan Milk Limited Ghana (surged by 0.38% to trade at GHS 5.32), and Ghana Commercial Bank (gained 0.19% to end at GHS 5.35).