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.
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.
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.
Company in Focus Aluworks Limited (GSE: ALW) Aluworks Limited is an aluminium continuous casting and cold rolling mill located in Tema, Ghana.
The factory was built between 1982 and 1985 and was officially commissioned for production on 21st September 1985 with an installed capacity of 10,000 metric tons of various aluminium products at 70% utilisation.
The plant capacity was expanded to 20,000 metric tons per annum in 1992 and to 30,000 metric tons in 2002.
After an Initial Public Offer (IPO) in October 1996 at the price of GH¢0.
135 per share, the company was listed on the Ghana Stock Exchange on November 29, 1996.
Following two rights issues in 2009 and 2013, issued shares currently amount to 236,687,001 shares at a price of GH¢0.
11 per share as of 22nd September 2020.