SIC Market Recap for February 28, 2020

Stock Market Highlights

•MTN Ghana (+4.48%) pushed the benchmark index up by 0.34% to 2,211.89 with a -2.01% year-to-date return while market capitalization declined by 0.18% to settle at GH¢56.53 billion.

•The financial index, however, shed 2.47% due to losses in five financial stocks to close at 1,964.56 with a -2.73% year-to-date return.

•MTN Ghana (+4.48%) was the sole gainer this week.

Trading Activity Declined

•A total of 3,261,031 shares valued at GH¢1,816,989 changed hands this week compared to 18,853,538 shares valued at GH¢13,002,466.

•MTN Ghana dominated trades for the fifth straight week, accounting for 43.92% of total value traded.

Outlook

•We expect a pick up in trading activity as companies release audited FY19 results.

Dannex Ayrton Starwin PLC (DASPHARMA)

DASPHARMA is holding an extraordinary general meeting at the Osu Ebenezer Presbyterian Church Hall, Osu on Friday 20th March 2020 at 10:00 am to consider and pass a resolution authorizing the company to secure financing.