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

The benchmark index closed 29.69 points (-1.23%) lower due to losses in two counters in the banking sector. The GSE-CI ended the session at 2,414.74 with a -6.12% year-to-date return while market capitalization declined 0.50% to settle at GH¢59.33 billion.

The GSE Financial Index closed at 2,085.58 with a -3.16% year-to-date return due to downward price movement in Standard Chartered Bank (-2.50%) and Agricultural Development Bank (-14.96%).

Trading activity surged, with 26,452 shares valued at GH¢34,244 changing hands from 84,071 shares valued at GH¢157,720 at the previous session. MTN Ghana (MTNGH) dominated trades by volume, accounting for 26.46% of total volume traded while Ghana Oil Company Limited (GOIL) accounted for 38.91% of total value traded.

We expect trading activity to increase as investors take advantage of bargain stocks.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume