Business News of Monday, 20 July 2020

Source: SAS Ghana

MTN Ghana dominates trading activity again

Trading activity strengthened as 521,918 shares valued at GH Trading activity strengthened as 521,918 shares valued at GH

The benchmark index declined marginally by 7.24 points (-0.39%) as a result of a downward price movement in Ecobank Transnational (-14.29%) to close at 1,874.21 with a -16.97% year-to-date return.

The market capitalization was down 0.46% to settle at GH¢52.69 billion.

Accordingly, the GSE Financial Index shed 13.38 points (-0.77%) to close at 1,722.38 with a -14.72% year-to-date return while the SAS Manufacturing Index remained unchanged at 2,599.53 with a year-to-date return of -25.33%.

Trading activity strengthened as 521,918 shares valued at GH¢251,092 changed hands from 280,006 shares valued at GH¢169,989 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 45.39% of the total volume traded and 53.78% of the total value traded.

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