Gains were recorded in Camelot Ghana Limited (+11.11%), GCB Bank Limited (+1.33%) and Enterprise Group Limited (+0.45%) at the session, however the benchmark index declined by 14.31 points (-0.58%) due to losses in Total Petroleum Ghana (-0.87%), MTN Ghana (-1.37%) and Cal Bank Limited (-4.85%). The GSE-CI closed at 2,479.96 with a -3.59% year-to-date return while market capitalization declined by 0.24% to close at GH¢60.21 billion.

Financial stocks shed 3.12 points (-0.15%) to close at 2,133.69 with a -0.93% year-to-date return.

Manufacturing stocks closed flat for the eleventh 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 activity weakened, with 4,608,827 shares valued at GH¢3,344,141.17 changing hands from 43,162 shares valued at GH¢63,639.14 at the previous session. MTN Ghana (MTNGH) dominated trades by both volume and value, accounting for 98.23% of total volume traded and 97.47% of total value traded. Activity was concentrated in telecom and financial stocks.

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

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume