The GSE Financial Index tumbled by 20.16 points (-0.81%) to close at 1,864.10 with a year-to-date return of -13.45% due to losses in CAL Bank (-4.55%), Standard Chartered (-2.55%) and GCB Bank (-0.20%).

The SAS Manufacturing Index remained unchanged for the second straight session as it closed at 3,632.11 with a year-to-date return of -21.95%.

Trading activity shot up with 58,219 shares valued at GH¢68,987 changing hands from 13,635 shares valued at GH¢9,466 in the previous session. MTNGH dominated trades by volume, accounting for 37.26% of total volume traded while GOIL dominated trades by value, accounting for 38.25% of 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.

Preference Share Dividend

Standard Chartered Bank Limited (Pref.) (GSE: SCBPREF)

SCB has announced a dividend of GH¢0.0470 (dividend rate of 18.1455%) per preference share in respect of the dividend payment for March 2020.

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