Benchmark Index starts week higher due to MTN and GOIL

The benchmark index advanced by 10.95 points (+0.49%) as a result of gains in MTN Ghana (+1.45%) and GOIL (+0.57%) to close at 2,251.37 with a -0.26% year-to-date return while market capitalization increased by 0.20% to settle at GH¢56.74 billion.

The GSE Financial Index tumbled by 2.57 points (-0.13%) due to Societe Generale (-2.78%) to close at 2,005.33 with a -0.71% year-to-date return while the SAS Manufacturing Index was unchanged at 3,499.15 with a 0.51% year-to-date return.

Trading activity weakened as 29,280 shares valued at GH¢45,299 changed hands compared with 1,743,531 shares valued at GH¢1,231,646 at the previous session. MTN Ghana dominated trades by volume, accounting for 32.45% of total volume while Total Petroleum dominated trades by value, accounting for 39.74% of the total value traded.

We expect activity levels to increase at the next session.

Notification of Change in Directorship

Benso Oil Palm Plantation Limited (GSE: BOPP)

BOPP has announced the following changes to the Board:

1. The appointment of Mr. Benjamin Appiah-Manuh as an Executive Director of the Company with effect from November 8, 2019.

2. Mr. Bini Kouakou Kossonou resigned from the Board on November 8, 2019.