Trading activity surges as MTN Ghana leads

Market Summary

The benchmark index declined by 15.03 points (-0.68%) to close the session at 2,182.66 with a -3.30% year-to-date return while market capitalization decreased by 0.28% to settle at GH¢56.22 billion.

Downward price movements in CAL Bank (-2.27%), Access Bank (-2.22%) and Ecobank Ghana (-0.28%) dragged the GSE Financial Index down by 5.87 points (-0.30%) to close at 1,955.40 with a year-to-date return of -3.18%. Enterprise Ghana (+1.27%) was the sole gainer at the session.

The SAS Manufacturing Index stayed at 3,215.74 with a -7.63% year-to-date return for the eighth straight session.

MTN Ghana (-1.45%) completed the losers’ chart at GH¢0.68.

Trading activity strengthened as 351,698 shares valued at GH¢237,563 changed hands compared to 25,976 shares valued at GH¢38,838 at the previous session. MTN Ghana dominated trades by volume and value, accounting for 96.76% of the total volume traded and 97.42% 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.

Dannex Ayrton Starwin PLC (GSE: DASPHARMA)

The Extraordinary General Meeting scheduled to take place at the Osu Ebenezer Presbyterian Church Hall on Friday, 20th March 2020 has been postponed till further notice. Further information will be communicated in due course. We deeply regret any inconvenience this may cause.