Market Summary

The benchmark index opened the week on a positive note due to gains in Ecobank Ghana Holdings (EGH). The GSE Composite Index advanced by 6.89 points (+0.28%) to close at 2,447.45 with a -4.85% year-to-date return while market capitalization increased by 0.12% to settle at GH¢59.88 billion.

Ecobank Ghana Holdings (+2.98%) advanced on impressive 2018 full year earnings results, pushing the financial index up by 13.18 points (+0.62%) to close at 2,139.05 with a -0.68% year-to-date return.

The manufacturing index recorded no gains or losses at the session, closing at 4,604.20 with a -1.05% YTD return.

Volume traded increased, with 233,314 shares valued at GH¢286,265 changing hands from 111,773 shares valued at GH¢423,073 at the previous session. Cal Bank Limited (CAL) dominated trades by both volume and value, accounting for 35.48% of total volume traded and 30.10% of total value traded.

We expect trading activity to increase while companies continue to release 2018 full year earnings results.

2018 Full Year Earnings Season - Highlights

Gainers & Losers

Market Indices

Top Trades by Volume