Market Summary

The SAS Manufacturing Index recorded no gains or losses for the second straight session, closing at 4,601.08 with a -1.12% YTD return.

Financial stocks moderated due to declines in Ecobank Transnational Incorporated (-7.14%), SIC Insurance Limited (-6.67%) and Ecobank Ghana Holdings (-0.37%). The GSE-FI shed 9.90 points (-0.46%) to close at 2,137.71 with a -0.74% year-to-date return.

The benchmark index moderated by -0.31% to close at 2,442.20 with a -5.05% year-to-date return due to losses in four counters in the banking, insurance and petroleum marketing sectors. Market capitalization declined by 0.46% to settle at GH¢59.23 billion.

Trading activity strengthened, with 143,085 shares valued at GH¢199,249.43 changing hands from 67,329 shares valued at GH¢64,552 at the previous session. Ghana Oil Company Limited (GOIL) dominated trades by both volume and value, accounting for 42.03% of total volume traded and 73.36% of total value traded.

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

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume