Market Summary

Fan Milk Ghana Limited (FML) dominated trading activity, accounting for 93.97% of total volume traded and 99.16% of total value traded. However, the benchmark index moderated by 1.22%, as financial stocks closed lower. The GSE-CI closed at 2,070.19 with a -4.33% year-to-date return while market capitalization declined by 0.50% to settle at GH¢59.81 billion.

The GSE Financial Index shed 57.63 points (-2.78%) to close at 2,070.19 with a -3.88% year-to-date return due to downward price movement in GCB Bank Limited (-13.37%), Ecobank Ghana Holdings (-6.29%), Trust Bank The Gambia (-11.54%) and Enterprise Group Limited (-0.46%).

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

Trading activity strengthened, with 1,478,490 shares valued at GH¢11,209,116 changing hands from 145,229 shares valued at GH¢75,040.01 at the previous session. Activity was concentrated in beverage 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