Financial stocks trended lower, dragging the GSE Composite Index down by 7.10 points (-0.30%) to close at 2,394.86 with a -6.90% year-to-date return while market capitalization declined by 0.12% to settle at GH¢58.73 billion.

The GSE Financial Index moderated by 13.47 points (-0.65%) to close at 2,063.72 with a -4.18% YTD return due to downward price movement in SIC Insurance Limited (-8.33%), Ecobank Ghana Limited (-2.50%) and Standard Chartered Bank Ghana Limited (-0.18%).

The SAS Manufacturing Index closed flat for the fourth straight session at 4,384.49 with a -5.78% year-to-date return.

Trading activity weakened with 56,975 shares valued at GH¢49,171.81 changing hands from 1,211,338 shares valued at GH¢2,141,170 at the previous session. SIC Insurance Limited dominated trades by volume, accounting for 42.92% of total volume traded while Enterprise Group Limited accounted for 66.09% of total value traded.

We expect trading activity to increase as investors take advantage of bargain stocks.

Annual General Meetings (June 2019)

Enterprise Group Limited (EGL)

Enterprise Group Limited will hold its annual general meeting at Advantage Place on 25^th June, 2019 at 10:30 am.

Gainers & Losers

Market Indices

Top Trades by Volume