The GSE Composite Index began the week 9.22 points (-0.47%) lower at 1,951.41 with a year-to-date return of -13.55% as a result of downward price movements in two counters. The market capitalization decreased by 0.18% to settle at 53.65 billion.
Republic Bank (-8.16%) edged the GSE Financial Index down by 6.06 points (-0.33%) to close at 1,830.73 with a -9.35% year-to-date return while the SAS Manufacturing Index shed 94.19 points (-3.35%) to close at 2,720.46 with a year-to-date return of -21.86% due to Guinness Ghana (-14.29%).
Trading activity weakened as 54,647 shares valued at GH¢30,687 changed hands from 4,067,407 shares valued at GH¢2,661,619 in the previous session. MTN Ghana dominated trades by volume, accounting for 40.26% of the total volume traded while CAL Bank dominated trades by value, accounting for 43.68% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Annual General Meeting & Extraordinary General Meeting
Ecobank Transnational Incorporated (GSE: ETI)
ETI has announced that its Thirty Second Annual General Meeting and Extraordinary General Meeting will be held at Eko Hotels & Suites, 1415 Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria on Tuesday, 30th June 2020 at 11.00 am (Lagos time).
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.
Gainers & Losers
Top Trades by Volume
Top Trades by Value