Market Summary

Cal Bank Limited (+2.04%) gained GH¢0.02 to close at GH¢1.00, pushing the benchmark index up by 0.59 points (+0.02%) to close at 2,480.56 with a -3.56% year-to-date return. CAL’s bullish performance was due to strong FY2018 earnings results amid the turmoil in the banking sector last year. Market capitalization increased by 0.01% to close at GH¢60.21 billion.

CAL advanced, erasing losses from GCB Bank Limited (-0.26%) and SIC Insurance Limited (-11.11%). Consequently, the financial index gained 1.14 points (+0.05%) to close at 2,134.83 with a -0.88% year-to-date return.

Manufacturing stocks closed flat for the twelfth straight session as investors continued to focus on financial stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.

Trading activity weakened, with 23,390 shares valued at GH¢18,741.30 changing hands from 4,608,827 shares valued at GH¢3,344,141.17 at the previous session. SIC Insurance Limited (SIC) dominated trades by volume, accounting for 62.85% of total volume traded while GCB Bank Limited (GCB) accounted for 42.18% of total value traded. Trading activity was concentrated in financial stocks, accounting for over 90% of trade value.

We expect trading activity to increase ahead of 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume