The benchmark index advanced by 8.35 points (+0.45%) on the back of MTN Ghana (+1.64%) to close the session at 1,852.30 with a -17.94% year-to-date return while the market capitalization increased by 0.16% to GH¢53.27 billion.
Societe Generale (-7.14%) lowered the GSE Financial Index by 6.15 points (-0.37%) to close at 1,657.22 with a -17.94% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,836.46 with a year-to-date return of -47.25%.
Trading activity weakened as 94,950 shares valued at GH¢63,789 changed hands from 1,490,889 shares valued at GH¢4,716,159 in the previous session. MTN Ghana dominated trades by volume, accounting for 33.54% of the total volume traded while CAL Bank dominated trades by value, accounting for 34.13% of the total value traded.
We expect activity levels to pick up while investors await 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.