Market Summary

Gains in six counters in the banking and insurance sectors pushed the benchmark index up by 1.69 points (+0.07%) to close at 2,435.94 with a -5.30% year-to-date return. Cal Bank Limited and Trust Bank The Gambia advanced to close at year highs. Market capitalization increased by 0.36% to settle at GH¢59.76 billion.

The financial index recorded the largest gain of 13.89 points (+0.65%) as a result of price appreciation in Trust Bank The Gambia (+13.04%), Ecobank Transnational Incorporated (+6.67%), Cal Bank Limited (+1.96%), Enterprise Group Limited (+0.48%), Ecobank Ghana Holdings (+0.39%) and GCB Bank Limited (+0.25%). The GSE-FI closed at 2,127.33 with a -1.23% year-to-date return.

The manufacturing index recorded no gains or losses for the second straight session, closing at 4,605.26 with a -1.03% YTD return.

Trading activity increased, with 53,706 shares valued at GH¢60,046.91 changing hands from 314,548 shares valued at GH¢310,051 at the previous session. MTN Ghana (MTNGH) dominated trades by volume, accounting for 30.16% of total volume traded while Enterprise Group Limited (EGL) accounted for 41.82% of total value traded.

We expect trading activity to increase while companies continue to release 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume