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Business News of Thursday, 26 March 2020

Source: SAS Ghana

Stock Market moderates due to CAL Bank

Ghana Stock Exchange (GSE) Ghana Stock Exchange (GSE)

Market Summary

The benchmark index moderated by 0.61 points (-0.03%) to close at 2,178.41 with a -3.49% year-to-date return due to CAL Bank (-1.20%) while market capitalization eased to GH¢56.18 billion.

Consequently, the GSE Financial Index shed 1.11 points (-0.06%), closing at 1,951.05 with a year-to-date return of -3.40% while the SAS Manufacturing Index stayed at 3,215.74 with a -7.63% year-to-date return for the twelfth consecutive session.

Trading activity strengthened as 20,995 shares valued at GH¢17,814 changed hands compared to 19,429 shares valued at GH¢13,091 at the previous session. Societe Generale dominated trades by volume and value, accounting for 66.01% of the total volume traded and 59.12% of the total value traded.

We expect trading activity to pick up as investors take advantage of bargain stocks.

Notice to Postpone the bank’s 40th Annual General Meeting.

Societe Generale Ghana Limited (GSE: SOGEGH)

The Bank has cancelled its 40th Annual General Meeting which was fixed for Thursday, 26th March, 2020 at 11.00am at the Alisa Hotel, Ridge Arena, Accra - Ghana. A new date, venue and time will be circulated in due course. Any inconvenience caused is deeply regretted.