The benchmark index retreated by 2.52 points (-0.12%) to close at 2,159.13 with a -16.06% year-to-date return due to downward price movements in GOIL (-2.86%) and CAL (-1.33%). Both GOIL (GH¢1.70) and CAL (GH¢0.74) hit their year lows at the session. Market capitalization moderated by 0.05% to settle at GH¢55.62 billion.
The GSE Financial Index shed 1.13 points (-0.06%) due to a loss in CAL to close at 1,823.26 with a -15.34% year-to-date return.
The SAS Manufacturing Index remained unchanged for the fifth straight session at 3,623.32 with a year-to-date return of -22.13%.
Trading activity weakened as 26,136 shares valued at GH¢37,187.77 changed hands compared with 89,611 shares valued at GH¢65,559.99 in the previous session. GOIL Company Limited dominated trades, accounting for 58.92% of total volume traded and 70.41% of total value traded.
We expect trading activity to pick up as earnings season nears.
Annual General Meeting (AGM)
Aluworks Limited (GSE: ALW)
ALW has announced that the Company’s 32nd Annual General Meeting will be held at the Rotary Club House Conference Centre in Tema Community 5 (near Chopsticks Restaurant) on Thursday, November 7, 2019 at 10 am.
PZ Cussons Limited (GSE: PZC)
PZC has announced that the Company’s Annual General Meeting will be held at the Kama Conference Center, Plot 8, Ring Road, Accra on Monday, November 11, 2019 at 10 am.
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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