Ghana stocks gain on financial companies

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose 3.49 points to close at 1,001.24 points from 997.75 points.

The year-to-date now stands at -0.20 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, however, rose by 2.02 points to 992.88 points from 990.86 points with a year-to-date change of -0.71 per cent.

There were eight price changes – six gainers and two losers.

SIC Insurance Company went up by GH¢0.01 to close at GH¢0.48, HFC Bank (Ghana) Limited gained GH¢0.03 at GH¢0.38, Fan Milk Ghana Limited advanced GH¢0.01 to close at GH¢2.40 and Cal Bank Limited was up GH¢0.01 at GH¢0.38.

Other gainers were Standard Chartered Bank (SCB) up GH¢0.01 to GH¢45.19 and Cocoa Processing Company (CPC) gained GH¢0.01 at GH¢0.03.

Losers for the session were Ghana Oil Company Limited down GH¢0.01 at GH¢0.28 and UT Bank was down GH¢0.01 at GH¢0.27.

Market Capitalization closed the session lower at GH¢20,042.32 million from GH¢20,025.14 million at the previous close.

Total shares traded were 2.66 million shares worth over one million Ghana cedis.

Source: GNA