The GSE Composite Index inched 0.61 points (-0.03%) lower due to downward price movement in CAL Bank (-1.25%) to close at 2,167.13 with a -15.75% year-to-date return while market capitalization moderated by 0.01% to settle at GH¢ 55.70 billion.
The GSE Financial Index dropped marginally by 1.14 points (-0.06%) to close at 1,834.61 with a -14.82% year-to-date return while the SAS Manufacturing Index remained unchanged for the second straight session at 3,623.32 with a year-to-date return of -22.13%.
Trading activity weakened as 20,509 shares valued at GH¢176,814 changed hands compared to 541,003 shares valued at GH¢914,062 in the previous session. Standard Chartered dominated trades, accounting for 51.45% of total volume traded and 95.48% 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.
Appointment of Non-Executive Directors
Societe Generale Ghana Limited (GSE: SOGEGH)
SOGEGH has announced the appointment of Messrs. Arnaud De Gaudemaris and George King Tongamou Wega as Non-Executive Directors of the bank.
Gainers & Losers
Top Trades by Volume