Business News of Wednesday, 4 November 2020

Source: SAS Ghana

Stock Market opens week flat while trading surges

Trading activity surged as 2,727,702 shares valued at GH Trading activity surged as 2,727,702 shares valued at GH

The GSE Composite Index opened the week flat at 1,837.27 with a -18.60% year-to-date return while the market capitalization stayed at GH¢53.12 billion.

Accordingly, the GSE Financial Index recorded no gains or losses, closing at 1,651.24 with a -18.24 % year-to-date return while the SAS Manufacturing Index remained unchanged at 1,836.46 with a year-to-date return of -47.25%.

Trading activity surged as 2,727,702 shares valued at GH¢1,665,890 changed hands from 33,500 shares valued at GH¢39,258 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 99.72% of the total volume and 99.61% of the total value traded.

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