Business News of Tuesday, 22 December 2020

Source: SAS Ghana

Benchmark Index closes slightly ahead due to MTN Ghana

The GSE Financial Index recorded no gains or losses The GSE Financial Index recorded no gains or losses

Market Summary

The benchmark index closed the session 6.24 points (+0.33%) higher at 1,893.10 with a -16.13% year-to-date return as a result of an upward price movement in MTN Ghana (+1.61%) while the market capitalization increased by 0.12% to close at GH¢53.87 billion.

The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,716.01 with a year-to-date return of -15.03%.

Unilever Ghana (-9.99%) dragged the SAS Manufacturing Index downward by 88.04 points (-4.92%) to close at 1,701.33 with a -51.13% year-to-date return.

Trading activity weakened as 8,258,109 shares valued at GH¢5,339,737 changed hands from 11,426,370 shares valued at GH¢11,886,361 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 93.36% of the total volume traded and 90.58% of the total value traded.

We anticipate activity levels to increase.