Losses in five counters lowered the benchmark index by 17.36 points (-0.77%) to close the session at 2,236.09 with a -13.07% year-to-date return while market capitalization moderated by 0.31% to settle at GH¢56.57 billion.

Access Bank (+13.92%) and Standard Chartered (+2.36%) pushed the GSE Financial Index up by 10.75 points (+0.56%) to close at 1,942.95 with a -9.79% year-to-date return.

The manufacturing index was down by 75.08 points (-2.09%) due to downward price movements in Fan Milk (-9.05%) and Benso Oil (-1.38%) to close at 3,513.76 with a -24.49% year-to-date return.

Trading activity jumped as 2,416,799 shares valued at GH¢1,562,183 changed hands compared to 71,566 shares valued at GH¢141,786 at the previous session. CAL Bank dominated trades, accounting for 87.64% of total volume traded and 69.94% of the total value traded.  

We expect activity levels to increase at the next session.

Appointment of Managing Director

Unilever Ghana Limited (GSE: UNIL)

UNIL has announced the appointment of Mr. George Owusu-Ansah as the Managing Director effective January 1, 2020.

Appointment of Substantive Group Chief Executive Officer and Managing Director

GOIL Company Limited (GSE: GOIL)

GOIL has announced that the Company’s Board at its 466th Emergency Board Meeting held on Friday, 29th November, 2019 unanimously passed a resolution to appoint Mr. Kwame Osei Prempeh, the current Acting Group Chief Executive Officer and Managing Director as the substantive Group Chief Executive Officer and the Managing Director of GOIL Company Limited.

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