Market Summary

Total Petroleum Ghana Limited (TOTAL) continued to advance on its 2018 full year results. Ecobank Transnational Incorporated (ETI) also trended higher as its earnings release draws closer. In Q3 2018, ETI posted strong results and management mentioned the possibility of dividend payments at year end. The benchmark index climbed 6.05 points (+0.24%) to close at 2,499.28 with a -2.84% year-to-date return while market capitalization increased by 0.43% to settle at GH¢60.40 billion.

Ecobank Transnational Incorporated (+6.67%) advanced by a pesewa, pushing the GSE Financial Index up by 7.31 points (+0.34%) to close at 2,143.93 with a -0.46% year-to-date return.

Manufacturing stocks closed flat for the fifth straight session as investors continued to focus on financial stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.

Trading activity weakened, with 81,150 shares valued at GH¢65,411 changing hands from 362,476 shares valued at GH¢263,838. MTN Ghana (MTNGH) dominated trades by both value and volume, accounting for 64.33% of total volume traded and 58.26% of total value traded. Activity was concentrated in telecom and financial stocks.

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