A gain in Societe Generale (+1.59%) kept the benchmark index in positive territory, closing the session 0.68 points (+0.04%) higher at 1,841.38 with a -18.42% year-to-date return. The market capitalization inched up by 0.01% to close at GH¢53.17 billion.
Consequently, the GSE Financial Index was up 1.23 points (+0.13%) to close at 1,669.29 with a -17.35% year-to-date return due to Societe Generale while the SAS Manufacturing Index closed flat at yesterday’s level of 2,028.66 with a year-to-date return of -41.77%.
Trading activity weakened as 103,672 shares valued at GH¢88,095 changed hands from 842,294 shares valued at GH¢1,906,873 in the previous session. Societe Generale dominated trades by volume, accounting for 52.09% of the total volume traded Fan Milk dominated trades by value, accounting for 46.14% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Societe Generale Ghana Limited (GSE: SOGEGH)
SOGEGH has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Extra-Ordinary General Meeting, the payment of a final dividend of GH¢0.045 per share for the 2019 financial year.
The final dividend will be paid on Monday, 30th November 2020.