The benchmark index moderated by 0.19 points (-0.01%) to close at 1,813.27 with a -19.67% year-to-date return due to SIC Insurance (-10.00%) while the market capitalization inched down by 0.003% to settle at GH¢52.86 billion.
The GSE Financial Index declined marginally by 0.34 points (-0.02%) to close at 1,608.25 with a year-to-date return of -20.37% while the SAS Manufacturing Index remained unchanged at 1,831.13 with a -47.40% year-to-date return.
Trading activity weakened as 1,014,394 shares valued at GH¢98,508.80, changed hands from 15,044,522 shares valued at GH¢9,192,468.71 in the previous session. SIC insurance company limited dominated trades by volume and value, accounting for 98.72% of the total volume traded and 91.50% of the total value traded.
We expect activity levels to pick up while investors await more third-quarter earnings results.
Company in Focus
Mega African Capital Limited (GSE: MAC)
MAC is an investment company that invests its capital for the mutual benefit of its members and arrange for the management of asset acquired by the company.
Mega African Capital was established as a long-term investment company for high net-worth investors seeking exposure to African opportunities with the potential to generate high real returns.
MAC is listed on the stock exchange (GSE) with a current share price of GH¢5.98.