Business News of Monday, 1 February 2021

Source: SAS Ghana

Bullish market sentiments continue as CAL Bank notches consecutive gains

Trading activity surged as 1,275,653 shares valued at GHTrading activity surged as 1,275,653 shares valued at GH

Market Summary

CAL Bank (+2.86%) extended the benchmark index’ positive run to two sessions, up 1.2 points (+0.06%) to close at 2,025.33 with a 4.31% year-to-date return while the market capitalization inched up by 0.02% to settle at GH¢55.31 billion.

Accordingly, the GSE Financial Index edged up by 2.18 points (+0.12%) to close at 1,858.19 with a year-to-date return of 4.23% while the SAS Manufacturing Index remained flat at 1,619.23 with a year-to-date return of -4.83%.

Trading activity surged as 1,275,653 shares valued at GH¢864,948 changed hands from 70,203 shares valued at GH¢67,950 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 98.76% of the total volume traded and 99.04% of the total value traded.

We anticipate activity levels to increase.