Manufacturing stocks closed flat at the session as investors largely focused on banking and telecommunication stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.

Financial counters however closed lower as uncertainty over 2018 earnings results led to a decline in Cal Bank Limited (-5.49%) and GCB Bank Limited (-0.24%) shares. The GSE-FI moderated by 6.48 points (-0.31%) to close at 2,117.10 with a -1.70% year-to-date return.

Activity was also seen in MTN Ghana Limited (-1.35%) and Ghana Oil Company Limited (-0.34%). Total value traded jumped from 164,927 shares to 356,719 shares today while total value traded declined from GH¢1,999,098 to GH¢200,292.17. Ecobank Transnational Incorporated (ETI) dominated trades by volume, accounting for 42.61% of total volume traded while Cal Bank Limited (CAL) accounted for 53.48% of total value traded.

We expect trading activity to increase ahead of 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume