Starwin Products Limited (+50.00%) advanced on positive investor sentiment, pushing the manufacturing index up by 3.98 points (+0.09%) to a five day high. The SAS-MI closed at 4,598.33 with a -1.18% year-to-date return.

The financial index shed 17.71 points (-0.92%) to close at 1,934.31 with a -10.19% year-to-date return due to losses in Societe Generale Ghana (-1.37%) and Enterprise Group Limited (-1.87%).

The benchmark index moderated by 45.54 points (-1.99%) due to downward price movement in four counters in the financial and telecom sectors to close at 2,292.21 with a -10.89% year-to-date return while market capitalization declined by 1.47% to settle at GH¢57.69 billion.

Trading activity strengthened with 26,554,239 shares valued at GH¢875,307.11 changing hands from 5,219 shares valued at GH¢10,044 at the previous session. Ayrton Drug Manufacturing Limited (AYRTN) dominated trades, accounting for 97.95% of total volume traded and 59.43% of total value traded.

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

Press Releases

• The Board of Standard Chartered Bank (SCB) has appointed Mr. Ebenezer Twum Asante as an Independent Non-Executive Director of the Bank effective 2nd May, 2019. Mr. Ebenezer Twum Asante was appointed Vice President (VP) of Southern and East Africa and Ghana (SEAGHA) Region of the MTN Group in October 2017. Prior to his appointment as VP of the SEAGHA Region, he was the CEO of MTN Ghana, a position he held from July 2015 to September 2017.
• SCB also announced the resignation of Mr. Henry Dzidienyo Kweku Baye from the Board of the Bank, effective 1st April, 2019. Mr. Henry Dzidienyo Kweku Baye has moved on to another role within the Standard Chartered Group.

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