The benchmark index closed today’s session flat at 1,818.68 with a -19.43% year-to-date return while the market capitalization stayed at GH¢52.09 billion.
The GSE Financial Index recorded no gains or losses, closing at 1,622.81 with a year-to-date return of -19.65% while the SAS Manufacturing Index remained flat at 1,789.37 with a -48.60% year-to-date return.
Trading activity waned as 2,522,305 shares valued at GH¢1,549,388 changed hands from 17,136,015 shares valued at GH¢10,455,838 in the previous session. MTN Ghana dominated trades by volume and value for two straight sessions, accounting for 99.52% of the total volume traded and 98.82% of the total value traded.
We anticipate activity levels to increase.
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).