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Business News of Thursday, 18 March 2021

Source: SAS Ghana

MTN Ghana, Total drive benchmark index upward

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

Market Summary

Today’s session closed on a positive note as MTN Ghana (+1.19%) and Total Petroleum (+0.32%) pushed the benchmark index up by 11.85 points (+0.54%) at 2,226.75 with a year-to-date return of 14.69%. The market capitalization was up 0.22% to close at GH¢57.26 billion.

The GSE Financial Index recorded no gains or losses, closing at the previous session’s level of 1,856.06 with a 4.11% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.

Trading activity bolstered as 6,327,714 shares valued at GH¢5,384,521 changed hands from 10,811 shares valued at GH¢24,481 in the previous session.

MTN Ghana dominated trades by volumes and value, accounting for 99.81% of the total volumes traded and 99.70% of the total value traded.

We expect trading activity to increase as companies continue to release their earnings results.