The benchmark closed today’s session flat at 1,810.09 with a -19.81% year-to-date return while market capitalization stayed at GH¢53.00 billion.
The GSE Financial Index remained at yesterday’s level of 1,623.20 with a year-to-date return of -19.63% while the SAS Manufacturing Index recorded no gains or losses, closing at 1,836.47 with a -47.25% year-to-date return.
Trading activity strengthened as 2,22,506 shares valued at GH¢1,213,982 changed hands from 53,659 shares valued at GH¢202,802 in the previous session. MTN Ghana dominated trades by volume and value accounting for 99.88% of the total volume traded and 99.84% of the total value traded.
We expect 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).