Ghana Market Watch | May 27th 2015: Ghanaian benchmark index adds 1.02pts

Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index went down by 1.02 points (about -0.04 percent) to end the day at 2,361.02, representing a year- to- date return of 4.42 percent. The Financial Index also declined 2.01 points (-0.08 percent) to 2,422.45 with a year-to-date return of 6.64%.

The market capitalization was recorded at GHS 64,440.64 million (lost GHS 5.5 million from previous market cap).  At the close of trading, a total of 154,578 shares valued at GHS 345,540 were exchanged in 15 equities. SIC Insurance, Benso Oil Palm and CAL Bank Ltd accounted for 90.83 percent and 94.4 percent of the total traded volume and total market turnover respectively.

On the one hand, ALUWORK Ghana the lone advancer adding GHS 0.01 to close at GHS 0.07. On the other hand, Ghana Commercial Bank shaved GHS 0.03 to GHS 5.16.

On the foreign exchange market, the Ghanaian cedi recorded a mixed performance today. It appreciated against the Euro and the South African Rand however, weakened against US Dollar, British Pound and Swiss Franc. The Cedi strengthened by 0.37 percent and 0.74 percent against the Euro and the South African Rand to close at mid rates of GHS 4.32 and GHS 0.33 respectively.

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