Market Summary
MTN Ghana (+1.27%) pushed the GSE Composite Index up by 11.74 points (+0.54%) to close at 2,178.03 with a 12.18% year-to-date return while the market capitalization increased by +0.22% to settle at GH¢56.91 billion.

The GSE Financial Index was unchanged, closing at 1,874.40 with a year-to-date return of 5.14% while the SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.

A total of 248,838 shares valued at GH¢196,639 changed hands from 6,505,761 shares valued at GH¢5,382,119 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 86.41% of the total volume traded and 87.40% of the total value traded.
We anticipate activity levels to increase.

Ecobank Nigeria announces the pricing of its Senior Unsecured US$300 Million Bond.
Ecobank Transnational Incorporated (GSE: ETI)

Ecobank Nigeria (“ENG” or “the Bank”), a wholly-owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its US$300 million bond issuance maturing in February 2026, with the settlement of the bond to take place on 16 February 2021.

The fixed-rate, US dollar-denominated bond, with a tenor of 5 years, carries a coupon rate of 7.125% and will be listed on the London Stock Exchange.