Business News of Thursday, 12 November 2020

Source: SAS Ghana

Stock Markert closes flat while MTN Ghana fortifies trading activity

Trading activity, fortified by 15,044,522 shares valued at GHTrading activity, fortified by 15,044,522 shares valued at GH

Market Summary

The benchmark index recorded no gains or losses at today’s session, closing at 1,813.46 with a -19.66% year-to-date return whiles the market capitalization stayed at 52.87 billion.

The GSE Financial Index remained unchanged at yesterday’s level of 1,608.59 with a year-to-date return of -20.35% while the SAS Manufacturing Index was flat at 1,831.13 with a -47.40% year-to-date return.

Trading activity, fortified by 15,044,522 shares valued at GH¢9,192,468.71, changed hands from 12,017,673 shares valued at GH¢7,339,144.08 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 99.86% of the total volume traded and 99.69% of the total value traded.

We expect activity levels to pick up while investors await more third-quarter earnings results.