The benchmark index opened the week on a positive note, up 2.86 points (+0.12%) to close at 2,386.74 with a YTD return of -7.21% due to gains in two banking stocks while market capitalization increased by 0.05% to settle at GH¢58.45 billion.
Cal Bank Limited and SOGEGH advanced by 2.15% and 4.17% respectively, pushing the GSE Financial Index up by 6.09 points (0.30%) to close with a -4.33% YTD return.
Fan Milk Ghana Limited declined by -0.46% on poor financials, dragging the SAS Manufacturing Index down by 5.34 points to close at 4,293.64 with a -7.73% YTD return.
Trading volume decreased by 27.70% as 139,589 shares valued at GH¢58,082.72 exchanged hands compared to 193,056 shares valued at GH¢1,078,202.13 at the previous session.
We expect trading activity to increase as investors regain confidence and take advantage of bargain stocks.
Annual General Meetings
Enterprise Group Limited (EGL)
Enterprise Group Limited will hold its annual general meeting at Advantage Place on 25th June 2019 at 10:30 am.
Samba Foods Limited (SAMBA)
SAMBA will hold its annual general meeting on the premises of Samba Foods Limited (West Coast Dyeing Ltd. compound, Heavy Industrial Area, Tema, Ghana) on 12h July 2019 at 11:00 am.
Gainers & Losers
Top Trades by Volume