Market pulls back as a result of CAL and GOIL - SAS Ghana

The GSE Composite Index was weighed down by downward price movements in CAL Bank Limited (-1.22%) and GOIL Company Limited (-0.60%) to close a point (-0.05%) lower at 2,140.27 with a year-to-date return of -16.79% while market capitalization moderated by 0.02% to settle at GH¢55.59 billion.

From a sector perspective, the GSE Financial Index shed 1.14 points (-0.06%) to close at 1,789.52 with a year-to-date return of -16.91% while the SAS Manufacturing Index was unchanged at 3,620.75 with a -22.19% year-to-date return.

GOIL (GH¢1.67) declined to its year low at the session.

A total of 1,769,995 shares valued at GH¢1,404,203 summed up today’s session compared with 969,460 shares valued at GH¢2,725,382 at the previous session. MTN Ghana dominated trades, accounting for 65.73% of total volume traded and 57.99% of the total value traded.

We expect activity levels to increase at the next session.

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.