Business News of Thursday, 24 September 2020

Source: SAS Ghana

Ghana Stock Market opens week flat

Trading activity surged as 5,836,214 shares valued at GHTrading activity surged as 5,836,214 shares valued at GH

The GSE Composite Index opened the week flat at 1,841.38 with a -18.42% year-to-date return while the market capitalization stayed at GH¢53.17 billion.

Accordingly, the GSE Financial Index recorded no gains or losses to close at 1,669.29 with a -17.35% year-to-date return while the SAS Manufacturing Index remained unchanged at 2,028.66 with a year-to-date return of -41.77%.

Trading activity surged as 5,836,214 shares valued at GH¢3,736,899 changed hands from 25,666 shares valued at GH¢35,925 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 88.70% of the total volume traded and 83.12% of the total value traded.

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