The benchmark index opened the week on a bullish note, led by a 2.94% gain in Scancom PLC (MTNGH). The GSE-CI climbed 18.62 points (+0.80%) to close at 2,333.36 with a -9.29% year-to-date return while market capitalization increased by 0.32% to settle at GH¢58.31 billion.

The manufacturing index recorded no gains or losses for the third straight session, closing at the previous level of 4,594.35 with a -1.27% year-to-date return. The GSE Financial Index moderated by 3.42 points (-0.18%) to close at 1,943.71 with a -9.75% year-to-date return.

Trading activity weakened with 151,101 shares valued at GH¢106,581.92 changing hands from 226,478 shares valued at GH¢3,027,964.62 at the previous session. Trust Bank (The Gambia) Limited dominated trades by volume, accounting for 66.18% of total value traded while Standard Chartered Bank (SCB) accounted for 22.39% of total volume traded.

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

Press Releases

• Standard Chartered Bank announced that the Company’s Directors will be recommending the payment a final dividend of a GH¢1.04 per share for the 2018 financial year. The dividend translates to a dividend yield of 5.48% at the current market price of GH¢18.97.
• Camelot Ghana Limited has announced that it will hold its 20^th Annual General Meeting at the King of Kings Hall of the Christ the King Parish (opposite Jubilee House), on Wednesday 29^th May 2019 at 10 am prompt.

Gainers & Losers

Market Indices

Top Trades by Volume