Manufacturing Index ends changeless streak after twenty-seventh session

In spite of positive showings by TOTAL (+1.72%), GOIL (+0.60%) and EGH (+0.26%), the GSE Composite index was down 11.85 points (-0.55%) to close at 2,138.01 with a -16.88% year-to-date return due to losses in two counters in the consumer products and banking sectors. Market capitalization declined by 121.82 points (-0.22%) to settle at GH¢55.56 billion.

From a sector perspective, the SAS Manufacturing Index, after staying flat for twenty-seven sessions moderated by 2.57 points (-0.07%) due to PZ Cussons (-2.56%) to close at 3,620.75 points with a year-to-date return of -22.19%.

In consequence, Standard Chartered (-7.21%) dragged the GSE Financial Index by 23.47 points (-1.30%) to close at 1,783.34 with a year-to-date return of -17.20%.

A total of 38,198 shares valued at GH¢141,019 summed up today’s trading activity compared with 121,884 shares valued at GH¢136,477 at the previous session. GOIL dominated trades for the second consecutive session, accounting for 62.96% of total volume traded and 28.86% of the total value traded.

We expect activity levels to increase at the next session.

Change of Registrars

GOIL Company Limited (GSE: GOIL)

GOIL has announced that the Company has changed its Registrars from UMB Registrars to National Trust Holding Company (NTHC) with effect from 20th November 2019.

Extraordinary General Meeting

CAL Bank Limited (GSE: CAL)

CAL has announced that the Company will hold an Extraordinary General Meeting on Thursday, 5 December 2019 at the Main Auditorium, 8th Floor, Cal Bank Head Office, 23 Independence Avenue, Accra at 10am.