Market Summary

Gains in Ecobank Ghana Holdings (+10.24%), GCB Bank Limited (+7.12%) and Enterprise Group Limited (+0.92%) pushed the financial index up by 2.19% to close at 2,136.81 with a -0.79% year-to-date return.

Due to gains in the financial sector, the benchmark index recovered by 12.17 points (+0.49%) to close at 2,494.27 with a -3.03% year-to-date return while market capitalization increased by 0.20% to close at GH¢60.35 billion.

Manufacturing stocks closed flat for the tenth 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 weakened, with 43,162 shares valued at GH¢63,639.14 changing hands from 127,343 shares valued at GH¢362,932.54 at the previous session. MTN Ghana (MTNGH) dominated trades by volume, accounting for 25.95% of total volume traded while Enterprise Group Limited (EGL) accounted for 37.95% of total value traded. Activity was concentrated in telecom and financial 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