Market Summary
The benchmark index, up by 2.42 points (+0.13%), rebounded on the back of CAL Bank (+6.67%) to close at 1,843.10 with a -18.34% year-to-date return while the market capitalization increased by 0.05% to close at GH¢52.36 billion.
Accordingly, the GSE Financial Index closed 4.45 points (+0.27%) to close at 1,682.50 with a -16.69% year-to-date return.
Meanwhile, the SAS Manufacturing Index was unchanged at 2,314.52 with a year-to-date return of -33.52%.
Trading activity weakened as 2,881,659 shares valued at GH¢1,683,949 changed hands from 4,056,253 shares valued at GH¢4,256,139 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.41% of the total volume traded and 98.67% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Annual General Meeting
Fan Milk Limited (GSE: FML)
FML has announced that its 59th Annual General Meeting will be held virtually and streamed live on https://www.fmlagm.com from the Fan Milk Limited Factory No.1 Dadeban Road, North Industrial Area, Accra on Friday, August 21, 2020 at 11.00 GMT.