From  Spy Ghana

The indices edged higher today with gains in three equities offsetting a decliner to help extend their rally.

Ghana Commercial Bank topped advancers leaping by 5GHp to close at GH¢4.90. HFC Bank and Total Petroleum also bagged a pesewa each to 95GHp and GH¢5.03 respectively.

On the flip side, UT Bank shed a pesewa to close the session at 44GHp.

The benchmark Composite Index as a result gained 2.35 points to 2,190.86, representing a change of 2.13% this year. The Financial Index also added 2.96 points to 1,853.09. The year to date return on the Financial Index stands at 3.72%.

Thirteen equities had their shares changing hands with a total volume of 307,201 shares valued at GH¢901,047 being recorded. Accounting for 40.7% of volume traded and 68% of value traded, Ghana Commercial Bank emerged as the most traded stock today.

Outlook

The market is likely to sustain its climb at the week-ending session as demand for shares remain high. Standard Chartered Bank and Ghana Commercial Bank may build further gains while Total, Ecobank Ghana and CAL Bank are expected to be in demand.

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