The benchmark index moderated by 0.90 points (-0.04%) to close at 2,172.26 with a -15.55% year-to-date return while market capitalization slid 0.02% to settle at GH¢ 55.75 billion.
The GSE Financial Index remained unchanged, closing at last Friday’s level of 1,844.16 with a year-to-date return of -14.37%.
The only laggard, Guinness Ghana, dragged the SAS Manufacturing Index down by 14.13 points (-0.39%) to close at 3,623.32 with a year-to-date return of -22.13%.
Trading activity surged as 33,884 shares valued at GH¢27,468 changed hands compared to 23,729 shares valued at GH¢9,863.19 in the previous session. Ecobank Transnational dominated trades by volume, accounting for 70.83% of total volume traded and Standard Chartered dominated trades by value, accounting for 58.48% of total value traded.
We expect trading activity to pick up as earnings season nears.
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.
Preference Share Dividend
Standard Chartered Bank Limited (Pref.) (GSE: SCBPREF)
SCB has announced a dividend of GH¢0.0470 (dividend rate of 18.1455%) per preference share in respect of the dividend payment for March 2020.
Gainers & Losers
Top Trades by Volume