Key Market Views: Taking Profit On Ghanaian Equities

We have decided to take 10.1% profit on our bullish Ghanaian equities Key Market View given the ongoing momentum for near-term downside amid a bout of profit-taking and short-term macroeconomic concerns. Having topped out at 7,185 on June 1, the Ghana All-Share Index has fallen by 5.3% to close at 6,802 on June 8, breaching the 6,900 trendline support level we have been flagging up as a stop to our view.

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