Ghana stocks tumble down after successive gains

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell for the first time in ten sessions, down 7.48 points to close at 1,049.66 points from 1,057.14 points on Tuesday.

The year-to-date now stands at 4.97 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also dropped 13.34 points to 1,042.96 points from 1,056.30 points with a year-to-date change of 4.30 per cent.

There were 11 price changes, five up and six down. Total Ghana was up GH¢0.58 at GH¢12.61; Standard Chartered Bank gained GH¢0.40 to GH¢45.76 and Produce Buying Company was better GH¢0.02 at GH¢0.18.

Other gainers were Ghana Oil Company up GH¢0.01 to GH¢0.32 and Fan Milk Limited gained GH¢0.01 at GH¢2.50.

The decliners for the session are SG-SSB Bank down GH¢0.02 at GH¢0.74, State Insurance Company fell GH¢0.01 to GH¢0.49 and HFC Bank dropped GH¢0.03 at GH¢0.39.

Other losers are Ghana Commercial Bank, which shed GH¢0.01 at GH¢2.68, Ecobank Transnational Incorporated fell GH¢0.01 at GH¢0.14 and Cocoa Processing Company slipped GH¢0.01 to GH¢0.02.

Market Capitalization closed the session at GH¢20,287.79 from GH¢20,386.02 with more than 2.2 million shares worth GH¢342,657.36 cedis changing hands.

Source: GNA