The GSE Financial Index closed 3.66 points (-0.19%) lower to end the session with a YTD return of -12.22%. due to losses in Ecobank Ghana, GCB Bank, Standard Chartered and CAL Bank.

One other laggard, Guinness Ghana (-1.11%), caused the SAS Manufacturing Index to decline by 9.42 points (-0.25%) to close at 3,737.09 with a year-to-date return of -19.69%.

Trading activity weakened as a total of 17,314 shares valued at GH¢43,229.51 changed hands compared to 63,045 shares valued at GH¢ 416,751.18 at the last session. Societe Generale dominated trades by volume, accounting for 21.62% of total volume traded while Ecobank Ghana dominated by value, accounting for 21.43% of total value traded.

We expect activity levels to increase at the next session.

Annual General Meeting (AGM)

Guinness Ghana Breweries Limited (GSE: GGBL)

GGBL has announced that the Company’s 47th Annual General Meeting will be held on Wednesday, 13th November, 2019 at the Golden Bean Hotel, Kumasi at 11.00 am.

Final Dividend

Guinness Ghana Breweries Limited (GSE: GGBL)

GGBL has announced that the Company’s Directors will be recommending the payment a final dividend of a GH¢0.0293 per share for the 2018 financial year. The dividend translates into a dividend yield of 1.65% at the current market price of GH¢1.78.

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