Gains in two counters in the banking and beverage sectors led the GSE Composite Index higher, up 7.87 points (+0.34%) to close at 2,330.25 with a -9.41% year-to-date return while market capitalization increased by 0.14% to settle at GH¢58.07 billion.
Access Bank Ghana (+15.17%) was the sole gainer in the financial sector, pushing the GSE Financial Index up 14.35 points (+0.70%), to close at 2,047.85 with a -4.92% year-to-date return.
The SAS Manufacturing Index gained 4.71 points (+0.12%) due to Guinness Ghana Breweries Limited (+0.47%) to close at 3,932.75 with a -15.48% year-to-date return.
Trading activity surged with 2,541,120 shares valued at GH¢5,334,973.42 changing hands compared to 143,032 shares valued at GH¢252,999 yesterday. Guinness Ghana Breweries Limited dominated trades, accounting for 95.51% of total volume traded and 98.26% of total value traded.
We expect increased activity in financial stocks due to outstanding bids at the next session.
Company in Focus
GCB Bank Limited (GCB)
GCB has announced the appointment of Mr. Kofi Koramoa Awuku as the Managing Director of its subsidiary, GCB Securities Limited, effective 3rd June 2019.
He is an Investment Banking, Global Markets and Corporate banker with over a decade’s experience spanning debt capital markets, derivative sales, risk management, syndications and project finance.
He holds an MBA from Fuqua Business School, Duke University, USA.
Gainers & Losers
Top Trades by Volume