The benchmark index advanced by 8.13 points (+0.44%) to close at 1,850.96 with a -18.00% year-to-date return on the back of two banking counters while the market capitalization increased by 0.47% close at GH¢53.32 billion.

The GSE Financial Index bolstered by 14.83 points (+0.89%) to close at 1,676.14 with a -17.01% year-to-date return due to Ecobank Transnational (+16.00%) and Standard Chartered (+0.67%).

The SAS Manufacturing Index remained unchanged at 1,934.21 with a year-to-date return of -44.44%.
Trading activity strengthened as 1,694,367 shares valued at GH¢2,131,370 changed hands from 1,177,900 shares valued at GH¢748,453 in the previous session. MTN Ghana dominated trades by volume, accounting for 59.02% of the total volume traded while Ecobank Ghana dominated trades by value, accounting for 51.22% 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.