Business News of Monday, 12 October 2020

Source: SAS Ghana

Stocks stay flat as investors await earnings results

The GSE Financial Index recorded no gains or lossesThe GSE Financial Index recorded no gains or losses

The benchmark index closed flat at 1,852.62 with a -17.92% year-to-date return while the market capitalization increased by 0.11% to GH¢53.18 billion.

The GSE Financial Index recorded no gains or losses, closing today’s session at yesterday’s level of 1,700.50 with a -15.80% year-to-date return.

The SAS Manufacturing Index remained unchanged for two straight sessions, closing at 1,934.21 with a year-to-date return of -44.44%.

Trading activity weakened as 1,035,256 shares valued at GH¢625,069 changed hands from 9,063,802 shares valued at GH¢5,444,116 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 99.29% of the total volume traded and 98.67% of the total value traded.

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