GCB Bank Limited (+0.88%) was the sole gainer at the session, pushing the GSE Composite Index up by 0.65 points (+0.03%) to close at 2,422.68 with a -5.81% year-to-date return while market capitalization increased by 0.01% to settle at GH¢59.21 billion.

GCB Bank Limited advanced on strong earnings results, signalling a recovery from the assumption of assets and liabilities of former Capital Bank and UT Bank. The GSE Financial Index gained 1.24 points (+0.06%) to close at 2,086.11 with a -3.14% YTD return.

The SAS Manufacturing Index closed flat at 4,384.49 with a -5.78% year-to-date return.

Trading activity strengthened with 1,211,856 shares valued at GH¢1,602,928.48 changing hands from 318,422 shares valued at GH¢122,470.39 at the previous session. Guinness Ghana Breweries Limited dominated trades, accounting for 55.83% of total volume traded and 92.02% of total value traded.

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

Company in Focus

Izwe Savings and Loans (ILL)

Noteholders of Series ILL012 registered in the books of ILL at the close of business on 21st June 2019 qualify for coupon payment. The ex-coupon date has been set as 19th June 2019. Consequently, an investor purchasing notes of Series ILL012 before this date will be entitled to the coupon.

The coupon for Series ILL012 will be paid on 30th June 2019 and the reset date for the coupon rate of Series ILL012 is 26th June 2019.

Market Indices

Top Trades by Volume