MTN Ghana (MTNGH) and Societe Generale (SOGEGH) have announced final dividends of GH¢0.03 and GH¢0.04 per share respectively for the 2018 financial year.

The benchmark index moderated by 3.17 points (-0.13%) to close at 2,462.57 with a -4.26% year-to-date return while market capitalization declined by 0.05% to settle at 59.83 billion.

GCB Bank Limited (+2.63%) gained GH¢0.10 to close at GH¢3.90 on the back of bullish sentiment ahead of its earnings release, however, the financial index declined by 2.33 points (-0.11%) due to losses in Ecobank Ghana Holdings (-1.55%). The GSE-FI closed at 2,129.70 with a -1.12% year-to-date return.

Manufacturing stocks closed flat for the sixteenth straight session as investors continued to focus on financial stocks. Consequently, the SAS Manufacturing Index closed at 4,647.26 with a -0.13% YTD return.

Trading value weakened, with 44,165 shares valued at GH¢39,120.28 changing hands from 56,281 shares valued at GH¢202,199 at the previous session. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 50.95% of total volume traded and 40.64% of total value traded.

We expect trading activity to increase ahead of 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

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Market Indices

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