The benchmark index moderated by 32.21 points (-1.32%) to close at 2,431.62 with a -5.47% year-to-date return due to losses in six counters in the banking, insurance, telecom and beverage sectors. Market capitalization declined by 0.54% to settle at GH¢59.51 billion.

The GSE Financial Index shed 27.16 points (-1.29%) on the back of losses in Standard Chartered Bank (-0.05%), Enterprise Group Limited (-0.46%), GCB Bank Limited (-10.30%) and Trust Bank (-11.11%) to close at 2,110.40 with a -2.01% year-to-date return.

Fan Milk Ghana Limited (-6.67%) declined on poor financial results, dragging the SAS Manufacturing Index down by 88.97 points (-2.03%) to close at 4,385.98 with a -5.74% year-to-date return.

Trading activity surged with 665,382 shares valued at GH¢2,164,611.56 changing hands from 98,026 shares valued at GH¢223,500.22 at the previous session. GCB Bank Limited dominated trades, accounting for 60.90% of total volume traded and 84.79% of total value traded.

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

Company in Focus

Ecobank Ghana Limited (EGH)

Mr. Samuel Ashitey-Adjei has retired as an Executive Director of Ecobank Ghana Limited effective 1st May, 2019.

Enterprise Group Limited (EGL)

The Directors of EGL will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.045 per share for the 2018 financial year.The ex-dividend date has been set as Wednesday, 19th June, 2019. Consequently, an investor purchasing EGL shares before this date will be entitled to the final dividend. However, an investor buying EGL shares on or after Wednesday, 19th June, 2019 will not be entitled to the final dividend. The final dividend will be paid on Tuesday, 30th July, 2019.

Gainers & Losers

Market Indices

Top Trades by Volume