Ghana stocks continue poor run on bearish sentiments

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange slipped for the second straight session down 3.4 points to close at 975.45 points from 978.85 points.

The fall brings the year-to-date loss to 2.45 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also went down 3.9 points to 876.05 points from 879.95 points with a year-to-date change of negative 12.39 percent.

Three companies experienced price declines while one appreciated as the bourse continues to reel under bearish sentiments.

HFC Bank was the sole gainer up GH¢0.01 to GH¢0.42.

On the flip side, Ghana Commercial Bank fell GH¢0.05 to close at GH¢1.85, Ecobank Ghana dropped GH¢0.01 to GH¢3.42 and Benso Oil Palm Plantation shed GH¢0.10 to GH¢0.90.

Market Capitalization closed the session lower at GH¢47,119.78 million from GH¢47,136.98 million at the previous close.

A total of 119,402 shares changed hands, valued at GH¢66,034.41.

Source: GNA