Three counters in the banking and consumer goods sectors dragged the benchmark index down by 9.94 points (-0.42%) to close at 2,370.97 with a -7.82% YTD return while market capitalization declined by 0.17% to settle at GH¢58.29 billion.

GCB Bank Limited and Access Bank Ghana fell by 1.40% and 9.09%, respectively, pushing the GSE Financial Index down by 1.20 points (-0.06%) to close at 2,039.59 with a -5.30% YTD return.

Fan Milk Ghana Limited declined for the third consecutive session, dragging the SAS Manufacturing Index down by 144.12 points (-3.57%) to close at 4,032.08 with a -13.35% YTD return.

Trading activity traded close to yesterday’s level with 1,287,854 shares valued at GH¢2,117,544.46 changing hands compared to 2,729,235 shares valued at GH¢2,331,159 yesterday. Ecobank Transnational Incorporated dominated trades by volume, accounting for 32.08% of total volume traded while GCB Bank Limited dominated trades by value (46.96%).

We expect Fan Milk Ghana’s price to decline further as investors remain sceptical about second quarter results.

Annual General Meetings

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

Market Indices

Top Trades by Volume