The benchmark index shed 60.78 points (-2.89%) following downward price movements in MTN Ghana (-7.58%) and Ecobank Ghana (-0.67%), closing the session at 2,041.96 with a -9.53% year-to-date return while the market capitalization decreased by 1.14% to settle at GH¢54.59 billion.
Consequently, the GSE Financial Index declined marginally by 2.87 points (-0.15%) to close at 1,873.88 with -7.22% year-to-date return while the SAS Manufacturing Index remained unchanged at 3,192.63 with a -8.30% year-to-date return.
Trading activity jumped as 9,902,537 shares valued at GH¢6,049,165 changed hands from 19,607 shares valued at GH¢28,513 at the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.92% of the total volume traded and 99.79% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Annual General Meeting
GCB Bank Limited (GSE: GCB)
GCB has given notice that its Annual General Meeting (AGM) scheduled for 29th May 2020 has been put on hold.
The Bank's decision to put the AGM on hold is a way of responding to the risk associated with the Covid-19 pandemic and the current state in the country.
Unilever Ghana Limited (GSE: UNIL)
UNIL has announced that its Annual General Meeting scheduled for Thursday, May 14, 2020, has been put on hold until further notice.
Their decision is in compliance with the Directive on public gatherings issued by the President of the Republic of Ghana and the Ghana Stock Exchange as a result of the COVID-19 pandemic on the 15th and 16th of March 2020 respectively.
Gainers & Losers
Top Trades by Volume
Top Trades by Value