The GSE Composite Index moderated by 4.78 points (-0.22%) to close at 2,204.79 with a -14.28% YTD return due to losses in three banking and telecom stocks while market capitalization inched down by -0.09% to settle at GH¢56.25 billion.
The GSE Financial Index recovered from last session’s loss, advancing by 13.29 points (0.71%) to end the session with a YTD return of -12.05% due to Ecobank Ghana (2.84%) and Enterprise Group (7.34%).
The SAS Manufacturing Index, closing at 3,746.51 with a year-to-date return of -19.49% held onto a gain in Benso Oil Palm to increase by 0.53 points (0.01%).
Trading activity weakened as a total of 63,045 shares valued at GH¢416,751.18 changed hands compared to 18,384,391 shares valued at GH¢13,106,333.26 at the last session. MTN Ghana dominated trades by volume, accounting for 34.04% of total volume traded while Standard Chartered Bank accounted for 73.52% of total value traded.
We expect activity levels to increase at the next session.
Annual General Meeting (AGM)
SIC Insurance Company Limited (GSE: SIC)
SIC has announced that the Company’s 12th Annual General Meeting will be held at the College of Physicians and Surgeons, Accra on Tuesday, October 1, 2019 at 10 am.
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