Business News of Thursday, 14 January 2021

Source: SAS Ghana

MTN Ghana drives benchmark index higher

Trading activity increased as 20,043,692 shares valued at GHTrading activity increased as 20,043,692 shares valued at GH

Market Summary

The benchmark index advanced by 11.74 points (+0.60%) to close at 1,967.52 with a 1.34% year-to-date return as a result of an upward price movement in MTN Ghana (+1.56%) while the market capitalization increased by 0.22 % to settle at GH¢54.67 billion.

The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,787.20 with a year-to-date return of 0.25% while the SAS Manufacturing Index remained unchanged at 1,701.33 with a 0.00% year-to-date return.

Trading activity increased as 20,043,692 shares valued at GH¢13,237,531 changed hands from 55,480 shares valued at GH¢47,879 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 99.90% of the total volume traded and 99.83% of the total value traded.

We anticipate activity levels to increase.