The GSE Composite Index moderated by 3.13 points (-0.14%) to close at 2,156 with a -16.18% year-to-date return due to losses in two financial stocks while the market capitalization inched down by 0.06% to settle at GH¢ 55.58 billion.
CAL Bank (GH¢0.70) and Societe Generale (GH¢0.57) hit their new year lows, in consequence, dragging the GSE Financial Index 5.82 points (-0.32%) to close at 1,817.44 with a -15.61% year-to-date return.
The SAS Manufacturing Index recorded no gains or losses for the seventh successive session, closing at 3.623.32 with a -22.13% year-to-date return.
Trading activity shot up as 6,158,142 shares valued at GH¢4,258,948 changed hands compared with 565,132 shares valued at GH¢1,988,573 in the previous session. CAL Bank Limited dominated trades, accounting for 97.44% of total volume traded and 98.62% 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.
Company in Focus
Tullow Oil Plc (GSE: TLW)
TLW has appointed Martin Greenslade as a non-executive Director of the company with effect from 1 November 2019, as Steve Lucas, Audit Committee Chair, steps down as a non-executive Director in 2020 after eight years with Tullow.
Martin Greenslade has also been appointed as a member of the Audit Committee and will stand for election to the Board at the 2020 Annual General Meeting (AGM).
Gainers & Losers
Top Trades by Volume