Business News of Wednesday, 29 July 2020

Source: SAS Ghana

Ghana Stock Exchange opens week flat

Trading activity weakened as 79,837 shares valued at GH Trading activity weakened as 79,837 shares valued at GH

The GSE Composite Index began the week flat, closing at 1,862.77 with a -17.47% year-to-date return while the market capitalization stayed at GH¢52.57 billion.

Consequently, the GSE Financial Index recorded no gains or losses, closing at 1,725.21 with a -14.58% year-to-date return while the SAS Manufacturing Index remained unchanged at 2,581.74 with a year-to-date return of -25.84%.

Trading activity weakened as 79,837 shares valued at GH¢125,780 changed hands from 20,924,985 shares valued at GH¢11,717,464 in the previous session.

MTN Ghana dominated trades by volume, accounting for 51.81% of the total volume traded while GCB Bank dominated trades by value, accounting for 69.76% of the total value traded.

We expect activity levels to increase as investors take advantage of bargain stocks.