The benchmark index moderated by 21.49 points (-1.15%) to close at 1,842.83 with a -18.36% year-to-date return due to Ecobank Ghana (-10.00%) while the market capitalization decreased by 0.13% to settle at GH¢53.07 billion.

The GSE Financial Index was down 31.19 points (-2.30%) to close at 1,661.31 with a -17.74% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,934.21 with a year-to-date return of -44.44%.

Trading activity strengthened as 1,177,900 shares valued at GH¢748,453 changed hands from 116,246 shares valued at GH¢26,583 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 93.17% of the total volume traded and 89.45% of the total value traded.
We expect activity levels to pick up while investors await third-quarter earnings results.

Company in Focus
HORDS Limited (GSE: HORDS)
Harold Otabil Research & Developments (HORDS) Limited is an agro-processing company involved in research and development of agricultural products and the production and sales of food and household products in Ghana.

HORDS adds value to various agricultural products such as cocoa, soya, and herbs and other non-food products to produce a range of food supplements, breakfast cereals, detergents, disinfectants and laundry starch.

Its distribution footprint spreads across West Africa and the European sub-regions.
HORDS, listed on the Ghana Stock Exchange (GSE), is currently trading at a price of GH¢0.10 per share.