Downward price movements in four financial and telecom counters tumbled the benchmark index by 65.48 points (-3.20%) to close at 1,977.63 with a -12.38% year-to-date return. The market capitalization decreased by 1.24% to settle at GH¢54.92 billion.
The GSE Financial Index declined by 33.37 points (-1.79%) to close at 1,831.71 with a year-to-date return of -9.31% due to Ecobank Ghana (-6.67%%), Societe Generale (-4.62%) and Enterprise Group (-1.82%).
The SAS Manufacturing Index remained unchanged at 3,098.44 with a -11.00% year-to-date return.
Trading activity jumped as 6,077,166 shares valued at GH¢3,566,824 changed hands from 107,181 shares valued at GH¢111,954 at the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.12% of the total volume traded and 97.99% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Notification of Change Of Directorship
GCB Bank Limited (GSE: GCB)
GCB has announced that Mr. Samuel Amankwah, an Executive Director of the Bank is on compulsory retirement and has resigned from the Board of the Bank effective 4th May, 2020.
Gainers & Losers
Top Trades by Volume
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