The GSE Composite Index closed today’s session 9.92 points (-0.54%) lower at 1,827.35 with a -19.04% year-to-date return due to two financials while the market capitalization decreased by 0.20% to close at GH¢53.01 billion.
Ecobank Ghana (-5.26%) and Societe Generale (-1.54%) dragged the GSE Financial Index down by 18.02 points (-1.09%) to close at 1,633.22 with a -18.13% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,836.46 with a year-to-date return of -47.25%.
A total of 2,120,466 shares valued at GH¢4,419,579 changed hands from 2,727,702 shares valued at GH¢1,665,890 in the previous session. Societe Generale dominated trades by volume, accounting for 39.63% of the total volume while Ecobank Ghana dominated trades by value, accounting for 65.16% of the total value.
We expect activity levels to pick up while investors await more third-quarter earnings results.
De-Listing from The Ghana Stock Exchange
PZ Cussons Ghana Limited (GSE: PZC)
Following the end of the tender offer and successful settlement of all tendering shareholders, PZ Cussons Ghana Limited has announced the Company’s de-listing from the Ghana Stock Exchange (GSE), effective 19th October, 2020.
The offer results and de-listing have been approved by the GSE.