The GSE Financial Index closed 7.29 points (-0.39%) lower to end the session with a YTD return of -12.56% due to losses in Societe Generale (-3.23%) and Access Bank (-5.88%).

The other laggard, Fan Milk (-4.72%), dragged the SAS Manufacturing Index by 42.70 points (-1.14%) to close at 3,694.39 with a year-to-date return of -20.61%.

Trading activity strengthened as 75,630 shares valued at GH¢59,571 changed hands compared to 17,314 shares valued at GH¢43,230 at the last session. Societe Generale dominated trading, accounting for 55.18% of total volume traded and 42.04% total value traded.

We expect activity levels to increase at the next session.

Annual General Meeting (AGM)

Guinness Ghana Breweries Limited (GSE: GGBL)

GGBL has announced that the Company’s 47th Annual General Meeting will be held on Wednesday, 13th November, 2019 at the Golden Bean Hotel, Kumasi at 11.00 am.

Final Dividend

Guinness Ghana Breweries Limited (GSE: GGBL)

GGBL has announced that the Company’s Directors will be recommending the payment a final dividend of a GH¢0.0293 per share for the 2018 financial year. The dividend translates into a dividend yield of 1.65% at the current market price of GH¢1.78.

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