There were no gainers or losers at the session as the benchmark index closed at yesterday’s level of 2,170.69 with a -15.61% year-to-date return while market capitalization stayed at GH¢55.90 billion.

Consequently, sector indices remained unchanged. The GSE Financial Index closed at 1,845.78 points with a year-to-date return of -14.30% while the SAS Manufacturing Index took its successive changeless run to twenty-two sessions, closing at 3.623.32 points with a year-to-date return of -22.13%.

Trading activity weakened as 29,398 shares valued at GH¢40,678 changed hands compared with 775,820 shares valued at GH¢1,536,188 at the previous session. MTN Ghana dominated trades by volume, accounting for 37.73% of total volume traded while Ecobank Ghana dominated by value, accounting for 41.34% 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.

Gainers & Losers

Market Indices

Top Trades by Volume