The GSE Composite Index moderated by 11.85 points (-0.59%) due to MTN Ghana (-1.64%) to close at 2,000.12 with a -11.39% year-to-date return while the market capitalization decreased by 0.23% to settle at GH¢54.16 billion.
The GSE Financial Index no recorded gains or losses, closing at 1,840.80 with a year-to-date return of -8.86% while the SAS Manufacturing Index stayed flat for the fourth successive session at 2,989.90 with a -14.12% year-to-date return.
Trading activity surged as 157,769 shares valued at GH¢59,604 changed hands from 39,296 shares valued at GH¢26,013 in the previous session. Ecobank Transnational dominated trades by volume, accounting for 47.47% of the total volume traded while MTN Ghana dominated trades by value, accounting for 39.37% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Notification of Resignation of Managing Director
Intravenous Infusions PLC - (GSE: IIL)
IIL has announced the resignation of Mr. David Klutse as the Managing Director of the company effective 15th May 2020. The company also announces the appointment of Mr. Moukhtar Soalihu the Head of Finance as the Acting Managing Director.
Notification of Change of Directorship
Tullow Oil PLC (GSE: TLW)
Tullow Ghana has announced that Kweku Awotwi, Managing Director of Tullow Ghana, and Executive Vice President of Tullow Oil plc, will be retiring on 30th June. He will hand over his responsibilities to Wissam Al Monthiry who becomes Managing Director, Tullow Ghana and Cynthia Lumor, Corporate Affairs Director, over the coming weeks.
Gainers & Losers
Top Trades by Volume
Top Trades by Value