Standard Chartered (-5.60%) closed lower, moderating the GSE Composite Index by 1.17 points (-0.05%) to settle at 2,150.66 with a YTD return of -16.39% despite gains in four financial counters. Market capitalization (-0.02%) was pegged at GH¢55.53 billion.
CAL Bank (14.29%), Enterprise Group (8.02%), Societe Generale (1.72%) and Ecobank Ghana (0.64%) were the advancers at the session.
Consequently, the GSE Financial Index traded 2.17 points (-0.12%) lower, closing at 1,808.52 with a year-to-date return of -16.03%.
The SAS Manufacturing Index remained unchanged for the thirteenth successive session at 3.623.32 with a -22.13% year-to-date return.
Trading activity weakened as 89,805 shares valued at GH¢244,516 changed hands compared with 622,410 shares valued at GH¢546,513 in the previous session. Enterprise Group dominated trades by volume, accounting for 51.33% of total volume traded while Ecobank Ghana dominated by value, accounting for 49.96% of the total value traded.
We expect trading activity to pick up as investors await more earnings announcements.
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.
Gainers & Losers
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