The GSE Composite Index closed at 1,947.54 with a year-to-date return of -13.72% after inching up by 1.40 points (+0.07%) to extend its gains to a second straight session due to an advancement in the price of MTN Ghana (+1.79%). The market capitalization was up 0.03% to close at 53.61 billion.
Ecobank Ghana (-0.53%) and Societe Generale (-7.69%) moderated the GSE Financial Index by 8.61 points (-0.47%) to close at 1,834.49 with a -9.17% year-to-date return.
The SAS Manufacturing Index tumbled 76.51 points (-2.64%) to close at 2,814.65 with a year-to-date return of -19.15% due to Fan Milk (-14.93%).
Total Petroleum (-3.61%) summed up the decliners’ chart at GH¢2.40.
A total of 6,177,001 shares valued at GH¢4,955,012 changed hands from 7,302,297 shares valued at GH¢4,096,540 in the previous session. MTN Ghana dominated trades by volume and value for two consecutive sessions, accounting for 86.84% of the total volume traded and 61.68% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Notice of Virtual Annual General Meeting
CAL Bank Limited (GSE: CAL)
CAL has announced that its virtual annual general meeting will be held at 10:00 am on Wednesday, 24 June 2020 and shall be streamed live from the Head Office of CalBank Limited.
CAL Bank Limited - (GSE: CAL)
CAL has announced a final dividend of GH¢0.089 per share in respect of its financial year ended December 31, 2019. This is subject to shareholders’ approval at the bank’s Virtual Annual General Meeting. The final dividend for 2018 was GH¢0.048 per share.