The benchmark index declined marginally by 7.
24 points (-0.
39%) as a result of a downward price movement in Ecobank Transnational (-14.
29%) to close at 1,874.
21 with a -16.
97% year-to-date return.
The market capitalization was down 0.
46% to settle at GH¢52.
Accordingly, the GSE Financial Index shed 13.
38 points (-0.
77%) to close at 1,722.
38 with a -14.
72% year-to-date return while the SAS Manufacturing Index remained unchanged at 2,599.
53 with a year-to-date return of -25.
Trading activity strengthened as 521,918 shares valued at GH¢251,092 changed hands from 280,006 shares valued at GH¢169,989 in the previous session.
MTN Ghana dominated trades by volume and value, accounting for 45.
39% of the total volume traded and 53.
78% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Company in Focus NewGold Issuer Limited (GSE: GLD) GLD, sponsored by Absa Capital, is an investment holding company managing NewGold Exchange Traded Fund.
The company provides investors the opportunity to invest in commodity markets and gold bullion by issuing listed instruments (structured as debentures) backed by physical gold.
The debentures are listed on Ghana (GSE), Johannesburg (JSE), Botswana (BSE), and Nigerian Stock Exchange (NSE), and secondary listed on Uganda (USE), Mauritius (SEN), and Zambia Stock Exchange (LuSE).
The current share price of GLD on the GSE is GH¢90.
33% YTD from GH¢54.