Ghana stocks tumble on banking stocks

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose 6.33 points to close 1,051.83 points from 1,045.50 points.

The year-to-date now stands at 5.18 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also went up 8.36 points to 1,035.66 points from 1,027.30 points at the previous session on Friday, with a year-to-date change of 3.57 per cent.

There were four gainers for the session and a decliner.

Ecobank Transnational Incorporated advanced GH¢0.01 to GH¢0.15, Fan Milk Limited rose GH¢0.01 to GH¢2.51 and HFC Bank went up GH¢0.01 to GH¢0.43.

Unilever Ghana was up GH¢0.01 to GH¢6.01 and UT Bank gained GH¢0.01 to GH¢0.27.

Market Capitalization closed the session up at GH¢20,055.66 million.

Total shares traded are 312,599 shares, valued at GH¢315,585.

Source: GNA