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Business News of Thursday, 1 October 2020

Source: SAS Ghana

Stocks stay flat while MTN Ghana leads trading activity

Trading activity waned as 158,206 shares valued at GHTrading activity waned as 158,206 shares valued at GH

Market Summary The market remained flat as the benchmark index closed at yesterday’s level of 1,841.38 with a -18.42% year-to-date return.

The market capitalization stayed at GH¢53.17 billion.

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

Trading activity waned as 158,206 shares valued at GH¢158,389 changed hands from 5,836,214 shares valued at GH¢3,736,899 in the previous session.

MTN Ghana dominated trades by volume and value, accounting for 74.07% of the total volume traded and 44.39% of the total value traded.

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