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Business News of Tuesday, 14 April 2020

Source: SAS Ghana

Benchmark Index rises on the back of MTN Ghana's gains

Market Summary

The benchmark index advanced by 28.19 points (+1.34%) on the back of gains in MTN Ghana (+4.62%) to close at 2,135.24 with a -5.40% year-to-date return while market capitalization settled at GH¢55.57 billion.

Ecobank Transnational Incorporated (-12.50%) dragged the GSE Financial Index down by 13.37 points (-0.71%) to close at 1,880.01 with a year-to-date return of -6.91% while the SAS Manufacturing Index remained unchanged at 3,203.29 with a -7.99% year-to-date.

Trading activity waned as 111,200 shares valued at GH¢8,084.00 changed hands from 101,252 shares valued at GH¢51,675 at the previous session.

Ecobank Transnational Incorporated dominated trades by volume and value, accounting for 99.82% of the total volume traded and 98.32% of the total value traded.

We expect trading activity to pick up as investors take advantage of bargain stocks.

Preference Share Dividend Payment

Standard Chartered Bank Limited (GSE: SCB)

SCB has announced a dividend payment of GH¢0.0471 per preference share in respect of the dividend period 31st March, 2020 to 30th September, 2020. The Dividend Rate (interest) is 18.1519%.

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