The GSE Composite Index moderated by 35.21 points (-1.51%) to close at 2,324.61 with a -9.63% YTD return due to losses in three banking stocks while market capitalization declined by 0.95% to settle at GH¢58.02 billion.
The GSE Financial Index shed 67.49 points (-3.33%) due to downward price movement in Ecobank Transnational Incorporated (-7.69%), Ecobank Ghana Limited (-11.66%) and Cal Bank Limited (-4.76%) to close at 2,026.99 with a -5.89% YTD return.
Fan Milk Ghana Limited (+0.20%) and Starwin Products Limited (+50.00%) pushed the SAS Manufacturing Index up by 5.76 points (+0.14%) to close at 4,015.64 with a -13.70% YTD return.
Trading activity weakened with 60,346 shares valued at GH¢88,806.21 changing hands compared to 125,189 shares valued at GH¢115,508 yesterday. Ecobank Transnational Incorporated dominated trades by volume, accounting for 36.21% of total volume traded while GCB Bank Limited accounted for 62.00% of total value traded.
We expect increased activity in financial stocks due to outstanding bids at the next session.
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 12th July 2019 at 11:00 am.
Gainers & Losers
Top Trades by Volume