GCB Bank Limited advanced to a new year high while MTN Ghana advanced to a three month high at the session. Consequently, the benchmark index gained 85.64 points (+3.55%) to close at 2,414.59 with a -6.13% year-to-date return while market capitalization increased by 1.49% to settle at GH¢58.93 billion.
GCB Bank Limited (+11.33%) climbed higher on positive 2019 first quarter earnings results pushing the financial index up by 24.17 points (+1.22%) to close at 1,978.39 with a -8.14% year-to-date return.
The manufacturing index recorded no gains or losses for the fourth consecutive session, closing at the previous level of 4,598.33 with a -1.18% year-to-date return.
Trading value surged with 50,361 shares valued at GH¢48,368.85 changing hands from 1,377,892 shares valued at GH¢1,027,681.26 at the previous session. Starwin Products Limited dominated trades by volume, accounting for 59.57% of total volume traded while GCB Bank Limited accounted for 62.55% of total value traded.
We expect trading activity to increase as investors take advantage of bargain stocks.
Annual General Meetings (May 2019)
Gainers & Losers
Top Trades by Volume