Gains in two counters in the banking and telecommunication sectors erased yesterday’s losses, due to expectations of positive 2018 full year earnings results led growth. As a result, the benchmark index advanced by 14.09 points (+0.56%) to close at 2,496.01 with a 2.96% year-to-date return.

Cal Bank Limited (+4.56%) gained GH¢0.04 to close at GH¢0.90, lifting the GSE Financial Index up by 3.55 points (+0.17%) to close at 2,120.65 with a -1.54% year-to-date return.

Manufacturing stocks closed flat for the second straight session as investors continued to focus on banking and telecommunication stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.

Activity levels jumped, with 676,960 shares valued at GH¢643,000 changing hands from 356,719 shares valued at GH¢200,292.17. Societe Generale Ghana Limited (SOGEGH) dominated trades by both value and volume, accounting for 78.27% of total volume traded and 80.76% of total value traded. Trading activity was concentrated in financial and telecom stocks.

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