Market Summary

The GSE Composite Index tumbled by 18.33 points (-0.81%) to close at 2,240.35 with a -0.74% year-to-date return due to Ecobank Ghana (-8.53%) while market capitalization moderated by -0.33% to settle at GH¢56.62 billion.

The GSE Financial Index was down 34.12 points (-1.69%), closing at 1,985.53 with a year-to-date return of -1.69% while the SAS Manufacturing Index took its successive changeless run to five sessions, closing at 3,481.52 with a 0.00% year-to-date return.

A total of 139,395 shares valued at GH¢201,837 changed hands compared to 234,915 shares valued at GH¢196,538 at the previous session. Enterprise Group dominated trades by volume and value, accounting for 76.33% of total volume traded and 86.98% of the total value traded.    

We expect activity levels to increase as the holiday season ends.  

Announcement of Agricultural Development Bank’s (ADB) Private Placement by Ghana Amalgamated Trust (GAT)

Agricultural Development Bank (GSE: ADB)

ADB has announced a Private Placement of 39,076,924 ordinary shares of no par value to GAT in order to raise GH¢127 million at a placement price of GH¢3.25 per share.

The equity injection of GH¢127 million is part of ADB’s recapitalization exercise and will support the holistic growth of the bank.

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