The benchmark index closed today’s session 12.34 points (-0.68%) lower at 1,806.94 with a -19.95% year-to-date return as a result of downward price movements in two telecom and banking counters. The market capitalization decreased marginally by 0.24% to settle at GH¢52.96 billion.
CAL Bank ( -1.43%) moderated the GSE Financial Index by 1.08 points to close at 1,622.81 with a year-to-date return of -19.65%.
The SAS Manufacturing Index recorded no gains or losses, closing at 1,789.37 with a -48.60% year-to-date return.
MTNGH (-1.64%) completed the decliners’ chart at GH¢0.60.
Trading activity strengthened as 2,011,300 shares valued at GH¢1,210,385 changed hands from 776,877 shares valued at GH¢696,268 in the previous session. MTNGH dominated trades by volume and value, accounting for 99.69% of the total volume traded and 99.40% of the total value traded.
We anticipate activity levels to pick up.
Extraordinary General Meeting to Authorise Share Buyback
Scancom Plc (MTN Ghana) (GSE: MTNGH)
MTN Ghana will host a virtual Extraordinary General Meeting (EGM) on December 3, 2020 to seek approval for the buyback of 1,089,630 shares from applicants who did not provide sufficient personal information to complete their Know Your Customer (KYC) requirement as required under the company’s Initial Public Offering (IPO).