The GSE Composite Index was up 48.10 points (+2.20%), advancing for the sixth consecutive session due to gains in three banking and telecom counters to close at 2,236.47 with a -13.05% year-to-date return while market capitalization increased by 0.88% to settle at GH¢56.74 billion.

Financial stocks were among the best performers on the day. The GSE Financial Index, helped by an increase in the prices of Standard Chartered (15.00%) and Access Bank (12.85%) climbed 67.28 points (+3.58%) to close at 1,945.82 with a -9.65% year-to-date return.

The SAS Manufacturing Index remained unchanged for the thirteenth straight session, closing at 3,620.84 with a -22.19% year-to-date return.

A total of 61,615 shares valued at GH¢88,828 summed up today’s session compared to 48,005 shares valued at GH¢122,807 at the previous session. CAL Bank dominated trades by volume, accounting for 33.23% of total volume traded while Ecobank Ghana dominated trades by value, accounting for 33.34% of the total value traded.  

We expect activity levels to increase at the next session.

Appointment of Managing Director

Unilever Ghana Limited (GSE: UNIL)

UNIL has announced the appointment of Mr. George Owusu-Ansah as the Managing Director effective January 1, 2020.

Appointment of Substantive Group Chief Executive Officer and Managing Director

GOIL Company Limited (GSE: GOIL)

GOIL has announced that the Company’s Board at its 466th Emergency Board Meeting held on Friday, 29th November, 2019 unanimously passed a resolution to appoint Mr. Kwame Osei Prempeh, the current Acting Group Chief Executive Officer and Managing Director as the substantive Group Chief Executive Officer and the Managing Director of GOIL Company Limited.

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