Conversely, the GSE Financial Index shed 0.48 points (-0.03%) to end the session with a YTD return of -14.32% as a result of a dip in the price of GCB Bank (-0.21%).

The SAS Manufacturing Index remained unchanged for the twenty-fifth session, closing at 3,623.32 points with a year-to-date return of -22.13%.

Trading activity weakened as 17,168 shares valued at GH¢32,498 changed hands compared with 29,398 shares valued at GH¢40,678 at the previous session. Republic Bank dominated trades by volume, accounting for 29.12% of total volume traded while GCB Bank dominated by value, accounting for 56.08% of the total value traded.

We expect activity levels to increase at the next session.

Change of Registrars

GOIL Company Limited (GSE: GOIL)

GOIL has announced that the Company has changed its Registrars from UMB Registrars to National Trust Holding Company (NTHC) with effect from 20th November 2019.

Extraordinary General Meeting

CAL Bank Limited (GSE: CAL)

CAL has announced that the Company will hold an Extraordinary General Meeting on Thursday, 5 December 2019 at the Main Auditorium, 8th Floor, Cal Bank Head Office, 23 Independence Avenue, Accra at 10am.

Appointment of Non-Executive Director

Ecobank Transnational Incorporated (GSE: ETI)

The Board of Ecobank Transnational Incorporated (ETI) has appointed Mr. Deepak Malik as a Non-Executive Director. Deepak Malik joins the ETI Board of Directors as a nominee of Arise B.V (“Arise”) which now holds a 14.1% equity stake in ETI following its purchase of shares previously held by IFC and the funds managed by the IFC Asset Management Company in August 2019.

ETI has also announced that Mr. Monish Dutt, who was nominated by IFC, has resigned as a Director of ETI.