Market Summary

The GSE Composite Index moderated by 4.57 points (-0.20%) to close at 2,325.67 with a -9.59% YTD return due to losses in three counters in the banking and beverage sectors. Market capitalization declined by 0.08% to settle at GH¢58.23 billion.

Ecobank Ghana Limited (-0.66%) dragged the GSE Financial Index down by 3.02 points (-0.15%) to close at 2,035.29 with a -5.50% YTD return.

The SAS Manufacturing Index declined by 46.16 points due to losses in Fan Milk Ghana Limited (-3.65%) and Guinness Ghana Breweries Limited (-1.38%) to close at 3,964.16 with a -14.81% YTD return.

Trading activity surged with 309,645 shares valued at GH¢1,439,102.64 changing hands compared to 407,265 shares valued at GH¢369,536 yesterday. Fan Milk Ghana Limited dominated trades, accounting for 95.27% of total volume traded and 97.38% of total value traded.

We expect increased activity in financial stocks due to outstanding bids at the next session.

Annual General Meetings

Samba Foods Limited (SAMBA)

SAMBA will hold its annual general meeting on the premises of Samba Foods Limited (West Coast Dyeing Ltd. compound, Heavy Industrial Area, Tema, Ghana) on 12th July 2019 at 11:00 am.

Company in Focus

Cal Bank Limited (CAL)

CAL has announced the appointment of Mr. Kweku Baah Korsah as a Non-Executive Director of the company on 8th May 2019, subsequent to Bank of Ghana’s approval.

Market Indices

Top Trades by Volume