The benchmark index moderated by 4.55 points (-0.25%) to close at 1,846.41 with a -18.20% year-to-date return while the market capitalization inched down by 0.09% to settle at GH¢53.27 billion.

Ecobank Ghana (-4.25%) edged the GSE Financial Index lower by 8.29 points (-0.49%) to close at 1,667.85 with a -17.42% year-to-date return despite gains in Societe Generale (+9.38%).

The SAS Manufacturing Index remained unchanged for the seventh straight session, closing at 1,934.21 with a year-to-date return of -44.44%.
Trading activity weakened as 365,548 shares valued at GH¢225,261 changed hands from 1,694,367 shares valued at GH¢2,131,370 in the previous session. Ecobank Transnational dominated trades by volume, accounting for 53.14% of the total volume traded while Societe Generale dominated trades by value, accounting for 39.18% of the total value traded.
We expect activity levels to pick up while investors await third-quarter earnings results.

Company in Focus
HORDS Limited (GSE: HORDS)
Harold Otabil Research & Developments (HORDS) Limited is an agro-processing company involved in research and development of agricultural products and the production and sales of food and household products in Ghana.

HORDS adds value to various agricultural products such as cocoa, soya, and herbs and other non-food products to produce a range of food supplements, breakfast cereals, detergents, disinfectants and laundry starch.

Its distribution footprint spreads across West Africa and the European sub-regions.
HORDS, listed on the Ghana Stock Exchange (GSE), is currently trading at a price of GH¢0.10 per share.