Performance was mixed across sector indices. Ecobank Ghana moderated by 0.25% to inch the GSE Financial Index down by 1.17 points (-0.06%) to close at 1,862.93 with a -13.50% year-to-date return. Fan Milk (0.67%), the sole gainer at the session, pushed the SAS Manufacturing Index up by 5.34 points (0.15%) to close with a -21.83% year-to-date return.
The benchmark index shed 0.29 points (0.01%) to close at 2,188.96 with a -14.90% year-to-date return due to a slight price dip in one banking stock while market capitalization moderated by 0.005% to settle at GH¢56.09 billion.
Activity levels shot up as 121,236 shares valued at GH¢84,608 exchanged hands from 58,219 shares valued at GH¢68,987 in the previous session. Ecobank Transnational dominated trades by volume, accounting for 72.92% of total volume traded while TOTAL PETROLEUM dominated trades by value, accounting for 37.86% of total value traded.
We expect trading activity to pick up as earnings season nears.
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.
Gainers & Losers
Top Trades by Volume