Enterprise Group Limited (+0.94%) and Societe Generale (+2.08%) led growth in the SAS Financial Index today. Both counters gained GH¢0.02 to close at GH¢2.15 and GH¢0.98, respectively. EGL continued to pick up on its positive 2018 full year earnings results while SOGEGH advanced on bullish sentiment ahead of its earnings release.
The benchmark index shed -0.09% on the back of volatility in Ecobank Transnational Incorporated (-6.25%) to close at 2,485.53 with a -3.37% year-to-date return while market capitalization moderated by 0.37% to settle at GH¢60.06 billion.
Gains in EGL and SOGEGH lifted the SAS Financial Index up by 10.43 points (+0.17%) to close at 6,255.64 with a -1.24% year-to-date return. Manufacturing stocks recorded no gains or losses for the fourth straight session, closing at 4,648.22 with a -0.11% YTD return.
Total volume traded weakened from 109,700 shares to 97,415 shares today while total value traded declined from GH¢215,265.24 to GH¢42,792.42. Ecobank Transnational Incorporated (ETI) dominated trades by volume, accounting for 67.85% of total volume traded while Enterprise Group Limited (EGL) accounted for 38.30% of total value traded.
We expect trading activity to increase ahead of 2018 full year earnings results.
2018 Full Year Earnings Season - Highlights
Gainers & Losers
Market Indices
Top Trades by Volume