Market Summary

The SAS Manufacturing Index recorded no gains or losses for the third straight session, closing at 4,601.08 with a -1.12% YTD return.

Financial stocks moderated due to declines in GCB Bank Limited (-1.75%) and Enterprise Group Limited (-1.33%). The GSE-FI shed 4.51 points (-0.21%) to close at 2,133.20 with a -0.95% year-to-date return.

The benchmark index moderated by -0.10% to close at 2,439.85 with a -5.15% year-to-date return due to losses in two counters in the banking and insurance sectors. Market capitalization declined by 0.04% to settle at GH¢59.20 billion.

Trading activity weakened, with 124,114 shares valued at GH¢182,316 changing hands from 143,085 shares valued at GH¢199,249.43 at the previous session. MTN Ghana (MTNGH) dominated trades by volume, accounting for 38.43% of total volume traded while Enterprise Group Limited (EGL) accounted for 40.71% of total value traded.

We expect trading activity to increase as companies continue to release 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume