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Business News of Thursday, 4 February 2021

Source: SAS Ghana

Cal Bank drives stock market while MTN dominates trading activity

Trading activity waned as 19,736 shares valued at GHTrading activity waned as 19,736 shares valued at GH

Market Summary

Cal Bank (+2.67) advanced the benchmark index by 1.20 points to close today’s session at 2,028.32 with a year-to-date return of 4.47% while the market capitalisation inched up by 0.02% to settle at GH¢55.35 billion.

Consequently, the GSE Financial Index was up 2.18 points (+0.12%) to close at 1,863.63 with a year-to-date return of 4.54% while the SAS Manufacturing Index remained flat at 1,619.23 with a year-to-date return of -4.83%.

Trading activity waned as 19,736 shares valued at GH¢14,937 changed hands from 144,405 shares valued at GH¢98,696 in the previous session.

MTN Ghana dominated trades by both volume and value, accounting for 99.24% and 98.76% of the total volume and value traded, respectively.

We anticipate activity levels to increase.