Market Summary

A strong performance by financial stocks sent the benchmark index climbing 5.45 points (0.24%) to close at 2,238.62 with a year-to-date return of -12.97% while market capitalization inched 0.10% up to settle at GH¢56.57 billion.

While Enterprise Group (-2.94%) and Republic Bank (-12.73) fell on declining rates at the session, gains in Access Bank (+5.26%) and Ecobank Ghana (+3.45%) were enough to push the GSE Financial Index (+0.52%) up to close at 1,969.18 with a -8.57% year-to-date return.

The manufacturing index recorded no gains or losses, closing at 3,513.76 with a -24.49% year-to-date return.

Trading activity strengthened as 222,076 shares valued at GH¢317,763 changed hands compared to 23,371 shares valued at GH¢55,853 at the previous session. MTN Ghana dominated trades by volume, accounting for 57.63% of total volume traded while GCB Bank dominated trades by value, accounting for 45.49% of the total value traded.  

We expect activity levels to increase at the next session.

Appointment of Substantive Group Chief Executive Officer and Managing Director

GOIL Company Limited (GSE: GOIL)

GOIL has announced that the Company’s Board at its 466th Emergency Board Meeting held on Friday, 29th November, 2019 unanimously passed a resolution to appoint Mr. Kwame Osei Prempeh, the current Acting Group Chief Executive Officer and Managing Director as the substantive Group Chief Executive Officer and the Managing Director of GOIL Company Limited.

Market Indices

Top Trades by Volume