Market Performance

Market Indices Trend

Top Trades by Volume

Top Trades by Value

Gainers & Loser

Market Summary

The market closed the week 45.95 points (-1.55%) lower, on the back of losses recorded in ten counters in the beverage, banking and insurance sectors to close at 2,928.07 with a 13.50% year-to-date return. Market capitalization declined by 1.01% to settle at GH¢65.14 billion.

Financial stocks dropped by 116.36 points (-4.59%) to close with a 4.61% year-to-date return on the back of downward price movement in Standard Chartered Bank (-3.85%), Access Bank Ghana (-3.23%), Ecobank Ghana Holdings (-13.21%), Enterprise Group Limited (-1.32%), GCB Bank (-0.93%), Societe Generale (-1.00%) and CAL Bank (-6.31%). The manufacturing index also declined, down 1.05% to close with a -6.83% year-to-date return.

Total volume traded increased by 41.56% to 1,189,187 shares while total value traded jumped by 138.24% to GH¢6,867,688. Fan Milk (-2.44%) dominated trades by both volume and value, accounting for 38.80% of total volume traded and 81.39% of total value traded.

Company in Focus

Societe Generale (SOGEGH)

Societe Generale reported a 25.7% decline in Profit After Tax to GH¢51.55 million for the first 9 month period ending 30th Sep 2018, as a result of a 93.2% jump in Impairment Losses, lower Revenue growth and an increase in Expenses.

Loans and Advances of the Bank climbed 33.1% to GH¢1.58 billion supported by a 16.1% increase in Customer’s Deposits.