The GSE Composite Index opened the week on a positive note, gaining 7.94 points (0.37%) to close at 2,157.64 with a year-to-date return of -16.12% while market capitalization increased by 0.15% to settle at GH¢55.60 billion.
On the gainers’ list were two banking stocks, Standard Chartered (+3.33%) and Societe Generale (+3.33%).
Accordingly, the GSE Financial Index closed 14.76 points (0.82%) higher at 1,821.49 with a year-to-date return of -15.43%.
The SAS Manufacturing Index remained unchanged for the fifteenth successive session at 3.623.32 with a -22.13% year-to-date return.
Trading activity weakened as 130,321 shares valued at GH¢519,332 changed hands compared with 630,707 shares valued at GH¢641,252 in the previous session. MTN Ghana dominated trades by volume, accounting for 76.73% of total volume traded while Standard Chartered dominated by value, accounting for 86.13% of the total value traded.
We expect activity levels to increase at the next session.
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
Top Trades by Volume