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Business News of Friday, 5 February 2021

Source: SAS Ghana

MTN Ghana leads trading activity, pushes benchmark index up

Trading activity picked up as 2,011,997 shares valued at GH Trading activity picked up as 2,011,997 shares valued at GH

Market Summary

The benchmark index advanced by 23.48 points on the back of MTN Ghana (2.94%) to close today’s session at 2,051.80 with a year-to-date return of 5.68% while the market capitalisation inched up by 0.44% to settle at GH¢55.59 billion.

The GSE Financial Index, on the other hand, recorded no gains or losses, closing 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 picked up as 2,011,997 shares valued at GH¢1,427,744 changed hands from 19,736 shares valued at GH¢14,937 in the previous session.

MTN Ghana dominated trades by both volume and value, accounting for 99.29% of the total volume traded and 97.59% of the total value traded.

We anticipate activity levels to increase.