Ecobank Ghana (-1.17%) moderated the benchmark index by 2.16 points (-0.12%) to start the week at 1,843.95 with a -18.31% year-to-date return while the market capitalization decreased by 0.16% to settle at GH¢53.19 billion.
The GSE Financial Index shed 3.92 points (-0.24%) to close at 1,663.37 with a -17.64% year-to-date return while the SAS Manufacturing Index remained unchanged for the ninth consecutive session, closing at 1,934.21 with a year-to-date return of -44.44%.
Trading activity weakened as 1,490,889 shares valued at GH¢4,716,159 changed hands from 7,332,722 shares valued at GH¢4,958,581 in the previous session. GCB Bank Limited dominated trades by volume and value, accounting for 80.88% of the total volume traded and 94.60% 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.