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Business News of Thursday, 15 October 2020

Source: SAS Ghana

MTN Ghana dominates trades by volume and value on stock market

Trading activity strengthened as 1,177,900 shares valued at GHTrading activity strengthened as 1,177,900 shares valued at GH

The benchmark index moderated by 21.49 points (-1.15%) to close at 1,842.83 with a -18.36% year-to-date return due to Ecobank Ghana (-10.00%) while the market capitalization decreased by 0.13% to settle at GH¢53.07 billion.

The GSE Financial Index was down 31.19 points (-2.30%) to close at 1,661.31 with a -17.74% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,934.21 with a year-to-date return of -44.44%.

Trading activity strengthened as 1,177,900 shares valued at GH¢748,453 changed hands from 116,246 shares valued at GH¢26,583 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 93.17% of the total volume traded and 89.45% of the total value traded.

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