Access Bank Ghana (+13.33%) pushed the benchmark index up by 2.02 points (+0.09%) to close at 2,372.99 with a -7.75% YTD return while market capitalization increased by 0.04% to settle at GH¢58.31 billion.
The GSE Financial Index turned around a loss in the previous session, closing 8.51 points (+0.42%) higher with a -4.90% YTD return due to gains in Access Bank Ghana (+13.33%).
Starwin Products Limited (-25.00%) declined, dragging the SAS Manufacturing Index down by 3.98 points (-0.10%) to close at 4,028.10 with a -13.44% YTD return.
Trading activity weakened with 465,970 shares valued at GH¢520,102 changing hands compared to 1,287,854 shares valued at GH¢2,117,544 yesterday. Ghana Oil Company Limited dominated trades by volume, accounting for 38.79% of total volume traded while Ecobank Transnational Incorporated dominated trades by value (39.70%).
We expect Fan Milk Ghana’s price to decline further as investors remain sceptical about second quarter results.
Annual General Meetings
Samba Foods Limited (SAMBA)
SAMBA will hold its annual general meeting on the premises of Samba Foods Limited (West Coast Dyeing Ltd. compound, Heavy Industrial Area, Tema, Ghana) on 12h July 2019 at 11:00 am.
Gainers & Losers
Top Trades by Volume