The GSE Composite Index opened the week flat at 1,864.32 with a -17.40% year-to-date return while the market capitalization stayed at GH¢53.30 billion.

The GSE Financial Index recorded no gains or losses, closing at 1,700.50 with a -15.80% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,934.21 with a year-to-date return of -44.44%.

Trading activity weakened as 116,246 shares valued at GH¢26,583 changed hands from 601,766 shares valued at GH¢398,642.20 in the previous session. Aluworks Limited dominated trades by volume and value, accounting for 75.79% of the total volume traded and 36.46% of the total value traded.
We expect activity levels to pick up while investors await third-quarter earnings results.

Company in Focus
HORDS Limited (GSE: HORDS)
Harold Otabil Research & Developments (HORDS) Limited is an agro-processing company involved in research and development of agricultural products and the production and sales of food and household products in Ghana.

HORDS adds value to various agricultural products such as cocoa, soya, and herbs and other non-food products to produce a range of food supplements, breakfast cereals, detergents, disinfectants and laundry starch.

Its distribution footprint spreads across West Africa and the European sub-regions.
HORDS, listed on the Ghana Stock Exchange (GSE), is currently trading at a price of GH¢0.10 per share.