Local bourse closes flat while MTN dominates trading activity

Market Summary The benchmark index closed today’s session unchanged at 1,889.49 with a -16.29% year-to-date return while the market capitalization remained at GH¢52.85 billion.

The GSE Financial Index recorded no gains or losses for the fourth straight session, closing at 1,730.78 with a -14.30% year-to-date return while the SAS Manufacturing Index stayed flat at 2,581.74 with a year-to-date return of -25.84% for the eleventh consecutive session.

Trading activity weakened as 3,599,675 shares valued at GH¢2,106,349 changed hands from 4,125,849 shares valued at GH¢2,593,654 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 99.59% of the total volume traded and 98.71% of the total value traded.

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