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Market indices hold steady

Oct. 24, 2017, 4:01 p.m.

The equities market recorded a lull in trading activity today due to a system failure of the GSE’s automated trading system.

The Ghana Stock Exchange’s Composite Index closed flat at ~2,315 points while the Databank Stock Index held steady at ~29,771 points.

The year to date returns of the GSE-CI and Databank Stock Index still stand at 37.06% and 33.31% respectively while market capitalization stood unchanged at ~GH¢58.2 billion.

A total of 21,262 shares were exchanged across 3 counters with no price change recorded.

The day’s trades were valued at GH¢5,875.56.

Investor patronage was geared towards Intravenous Infusions Ltd, which accounted for 94% of total volume traded today.

Earnings update

CAL Bank published Q3-2017 financial results today.

Revenues improved by 13.54% to GH¢573.3 million compared to GH¢505.3 million in Q3-16.

Net income increased by 25% to GH¢113.6 million compared to GH¢90.9 in Q3-16.

 

Source: Databank Research

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