Benchmark Index in positive territory, while Financial Index slips

The GSE Composite Index closed 16.98 points (+0.76%) higher due to gains in five counters in the banking, telecom and oil marketing sectors to close at 2,253.45 with a -12.39% year-to-date return while market capitalization was up 0.02% to settle at GH¢56.75 billion.

Ecobank Ghana (-4.46%) inched the GSE Financial Index down by 13.62 points (-0.70%) to close at 1,932.20 with a -10.29% year-to-date return.

The SAS Manufacturing Index recorded no gains or losses, closing at 3,620.84 with a -22.19% year-to-date return.

Trading activity strengthened as 71,566 shares valued at GH¢141,786 changed hands compared to 61,615 shares valued at GH¢88,828 at the previous session. GOIL dominated trades, accounting for 42.47% of total volume traded and 35.83% of the total value traded.

We expect activity levels to increase at the next session.

Appointment of Managing Director

Unilever Ghana Limited (GSE: UNIL)

UNIL has announced the appointment of Mr. George Owusu-Ansah as the Managing Director effective January 1, 2020.