Market Summary

The GSE Composite Index closed 43.16 points (+2.05%) higher on the back of MTN Ghana (+6.25) at 2,143.90 with a -5.02% year-to-date return while market capitalization increased by 0.81% to settle at GH¢55.65 billion.

The GSE Financial Index moderated by 2.22 points (-0.12%) due to CAL Bank (-2.44%) to close at 1,904.19 with a -5.72% year-to-date return while the SAS Manufacturing Index stayed at  3,192.63 with a -8.30% year-to-date return.

Total Petroleum (-10.07%), the major decliner at the session closed at GH¢2.50.

Trading activity weakened as 13,253 shares valued at GH¢35,386 changed hands from 23,843,913 shares valued at GH¢16,178,609 at the previous session. GOIL Company dominated trades by volume, accounting for 37.95% of the total volume traded while Ecobank Ghana dominated trades by value, accounting for 32.11% of the total value traded.

We expect trading activity to pick up as investors take advantage of bargain stocks.

Annual General Meeting

GCB Bank Limited (GSE: GCB)

GCB has given notice that its Annual General Meeting (AGM) scheduled for 29th May 2020 has been put on hold.

The Bank's decision to put the AGM on hold is a way of responding to the risk associated with the Covid-19 pandemic and the current state in the country.

GCB Bank Limited (GSE: UNIL)

UNIL has announced that its Annual General Meeting scheduled for Thursday, May 14, 2020, has been put on hold until further notice.

Their decision is in compliance with the Directive on public gatherings issued by the President of the Republic of Ghana and the Ghana Stock Exchange as a result of the COVID-19 pandemic on the 15th and 16th of March 2020 respectively.

Gainers & Losers

Top Trades by Volume

Top Trades by Value