The market opened the week bullish due to gains in MTN Ghana (+1.39%), Ghana Oil Company Limited (+0.43%) and Ecobank Ghana Limited (+2.94%) to close at 2,434.14 with a -5.37% year-to-date return while market capitalization increased by 0.32% to settle at GH¢59.13 billion.
Ecobank Ghana Limited (+0.15%) advanced on stellar Q1 2019 earnings results, pushing the financial index up by 12.10 points (+0.59%) to close at 2,060.82 with a -4.31% year-to-date return.
The manufacturing index recorded no gains or losses for the eighth straight session, closing at 4,598.33 with a -1.18% year-to-date return.
Trading activity weakened as 50,435 shares valued at GH¢86,088.26 changed hands from 286,548 shares valued at GH¢1,006,406.21 at the previous session. MTN Ghana dominated trades by volume, accounting for 46.40% of total volume traded while Ghana Oil Company Limited accounted for 51.35% of total value traded.
We expect trading activity to increase as investors take advantage of bargain stocks.
Annual General Meetings (May 2019)
Gainers & Losers
Top Trades by Volume