The benchmark index moderated by 23.60 points (-1.04%) as a result of losses in three banking, telecom and insurance counters to close at 2,227.85 with a -1.30% year-to-date return while market capitalization decreased by 0.41% to settle at GH¢56.51 billion.
Societe Generale (+2.86%) pushed the GSE Financial Index up by 0.56 points (+0.03%) to close at 2,005.89 with a -0.68% year-to-date return while the SAS Manufacturing Index was unchanged for the fourth successive session at 3,499.15 with a 0.51% year-to-date return.
Trading activity jumped as 891,496 shares valued at GH¢3,268,939 changed hands compared with 29,280 shares valued at GH¢45,299 at the previous session. GCB Bank Limited dominated trades by volume and value, accounting for 68.54% of total volume and 95.15% of the total value traded.
We expect activity levels to increase at the next session.
Agricultural Development Bank Limited (GSE: ADB)
ADB and Serengeti Capital Markets Limited have announced the successful completion of a private placement of GH¢127 million of new equity (equivalent to approximately 18% of the newly issued share capital) with the support of its new shareholder, Ghana Amalgamated Trust (“GAT”).
Following the issuance of the new shares, the issued share capital of ADB will increase to approximately GH¢700 million. The total number of ordinary shares in issue will increase to 300,798,407 shares of no par value. The new shares have been admitted to the main market of the Ghana Stock Exchange and rank pari passu to existing ordinary shares in ADB in all respects.
Notification of Change in Directorship
Benso Oil Palm Plantation Limited (GSE: BOPP)
BOPP has announced the following changes to the Board:
1. The appointment of Mr. Benjamin Appiah-Manuh as an Executive Director of the Company with effect from November 8, 2019.
2. Mr. Bini Kouakou Kossonou resigned from the Board on November 8, 2019.
Gainers & Losers
Top Trades by Volume
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