Ghana stocks slip

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell to open the week after three banking stocks lost to pull it down.

The index dipped 2.54 points to end the week at 1,054.56 points from 1,057.10 points at the previous close on Friday.

The year-to-date now stands at 5.46 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, however, fell 4.16 points to 1,043.24 points from 1,047.40 points with a year-to-date change of 4.32 per cent.

There were five price changes, two gainers and three decliners.

HFC Bank gained GH¢0.01 to GH¢0.40 and Ghana Oil Company appreciated GH¢0.01 to GH¢0.31.

Decliners for the session were UT Bank down GH¢0.02 to GH¢0.26, Ghana Commercial Bank fell GH¢0.03 at GH¢2.57 and CAL Bank lost GH¢0.01 at GH¢0.34.

Market Capitalization closed the session marginally lower at GH¢20,345.49 million from GH¢20,357.91 million at Friday’s close.

Total shares traded are 134,106 shares, valued at 103,539.02 cedis.

Source: GNA