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Business News of Wednesday, 29 July 2020

Source: SAS Ghana

Ghana Stock Exchange opens week flat

The GSE Composite Index began the week flat, closing at 1,862.77 with a -17.47% year-to-date return while the market capitalization stayed at GH¢52.57 billion.

Consequently, the GSE Financial Index recorded no gains or losses, closing at 1,725.21 with a -14.58% year-to-date return while the SAS Manufacturing Index remained unchanged at 2,581.74 with a year-to-date return of -25.84%.

Trading activity weakened as 79,837 shares valued at GH¢125,780 changed hands from 20,924,985 shares valued at GH¢11,717,464 in the previous session.

MTN Ghana dominated trades by volume, accounting for 51.81% of the total volume traded while GCB Bank dominated trades by value, accounting for 69.76% of the total value traded.

We expect activity levels to increase as investors take advantage of bargain stocks.