The benchmark index closed positive, gaining 9.97 points (0.45%) to settle at 2,205.35 with a -14.26% year-to-date return on the back of price appreciation in two counters in the banking and telecom sectors while market capitalization increased by 0.18% to settle at GH¢ 56.26 billion.
The GSE Financial Index closed 3.69 points (-0.20%) lower to end the session with a YTD return of -12.73% as a result of a dip in the price of Standard Chartered (-1.14%). Standard Chartered (GH¢16.51), the only setback on the day also hit its all-year low.
The SAS Manufacturing Index remained unchanged, closing at yesterday’s level of 3,694.39 with a year-to-date return of -20.61%.
Trading activity strengthened with 14,349,434 shares valued at GH¢10,062,449 changing hands from 75,630 shares valued at GH¢59,571 at the previous session. MTN Ghana dominated trading, accounting for 99.96% of total volume traded and 99.78% total value traded.
We expect trading activity to increase as investors take advantage of bargain stocks.
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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