The market opened the week bullish due to gains in MTN Ghana (+1.39%), Ghana Oil Company Limited (+0.43%) and Ecobank Ghana Limited (+2.94%) to close at 2,434.14 with a -5.37% year-to-date return while market capitalization increased by 0.32% to settle at GH¢59.13 billion.

Ecobank Ghana Limited (+0.15%) advanced on stellar Q1 2019 earnings results, pushing the financial index up by 12.10 points (+0.59%) to close at 2,060.82 with a -4.31% year-to-date return.

The manufacturing index recorded no gains or losses for the eighth straight session, closing at 4,598.33 with a -1.18% year-to-date return.

Trading activity weakened as 50,435 shares valued at GH¢86,088.26 changed hands from 286,548 shares valued at GH¢1,006,406.21 at the previous session. MTN Ghana dominated trades by volume, accounting for 46.40% of total volume traded while Ghana Oil Company Limited accounted for 51.35% of total value traded.

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

Annual General Meetings (May 2019)

• Ghana Oil Company Limited: 23^rd May, 2019 at the College of Physicians and Surgeons at 11:00AM.
• Unilever Ghana Company Limited: 24^th May, 2019 at the College of Physicians and Surgeons at 10:00AM.
• Camelot Ghana Limited: 29^th May, 2019 at the Christ the King Parish, King of Kings Hall at 10:00AM.
• GCB Bank Limited: 31^st May, 2019 at the Accra International Conference Centre at 10:00AM.

Gainers & Losers

Market Indices

Top Trades by Volume