Business News of Friday, 18 September 2020

Source: SAS Ghana

Trading activity surges as stock market rebounds

Trading activity surged as 842,294 shares valued at GH Trading activity surged as 842,294 shares valued at GH

The market was upbeat today as the benchmark index advanced by 24.93 points (+1.37%) on the back of three banking, consumer product and telecom counters to close the session at 1,840.70 with a -18.45% year-to-date return.

The market capitalization increased by 0.49% to GH¢53.16 billion.

The GSE Financial Index was up 2.17 points (+0.13%) to close at 1,668.06 with a -17.41% year-to-date return due to CAL Bank (+2.94%) while Fan Milk (+2.97%) pushed the SAS Manufacturing Index up by 5.34 points (+0.26%) to close at 2,028.66 with a year-to-date return of -41.77%.

MTN Ghana (+3.45%) topped the gainers’ chart at GH¢0.60.

Trading activity surged as 842,294 shares valued at GH¢1,906,873 changed hands from 108,103 shares valued at GH¢79,764 in the previous session.

Enterprise Ghana dominated trades by volume, accounting for 65.61% of the total volume traded while Standard Chartered dominated trades by value, accounting for 49.62% of the total value traded.

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

Final Dividend Societe Generale Ghana Limited (GSE: SOGEGH) SOGEGH has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Extra-Ordinary General Meeting, the payment of a final dividend of GH¢0.045 per share for the 2019 financial year.

The final dividend will be paid on Monday, 30th November 2020.