The GSE Composite Index shed 0.91 points to close at 2,170.69 (-0.04%) with a -15.61% year-to-date return as a result of downward price movements in two banking counters while market capitalization moderated by 0.02% to settle at GH¢56.10 billion.
GCB Bank (-0.21%) and Standard Chartered (-0.32%) edged the GSE Financial Index lower by 1.70 points (-0.09%) to close at 1,845.78 with a year-to-date return of -14.30%.
The SAS Manufacturing Index was unchanged for the twenty-first successive session, closing at 3.623.32 points with a year-to-date return of -22.13%.
Trading activity shot up as 775,820 shares valued at GH¢1,536,188 changed hands compared with 37,371 shares valued at GH¢106,807 at the previous session. MTN Ghana dominated trades by volume, accounting for 52.29% of total volume traded while Standard Chartered dominated by value, accounting for 63.83% of the total value traded.
We expect activity levels to increase at the next session.
Extraordinary General Meeting
Cal Bank Limited (GSE: CAL)
CAL has announced that the Company will hold an Extraordinary General Meeting on Thursday, 5 December 2019 at the Main Auditorium, 8th Floor, Cal Bank Head Office, 23 Independence Avenue, Accra at 10am.
Appointment of Non-Executive Director
Ecobank Transnational Incorporated (GSE: ETI)
The Board of Ecobank Transnational Incorporated (ETI) has appointed Mr. Deepak Malik as a Non-Executive Director. Deepak Malik joins the ETI Board of Directors as a nominee of Arise B.V (“Arise”) which now holds a 14.1% equity stake in ETI following its purchase of shares previously held by IFC and the funds managed by the IFC Asset Management Company in August 2019.
ETI has also announced that Mr. Monish Dutt, who was nominated by IFC, has resigned as a Director of ETI.
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.
Gainers & Losers
Top Trades by Volume