GCB Bank (+0.26%) inched the benchmark index upward by 0.26 points (+0.01%) to start the week at 1,822.09 with a -19.27% year-to-date return while market capitalization stayed at GH¢53.12 billion.
The GSE Financial Index increased marginally by 0.46 points (+0.03%) to settle at 1,623.66 with a year-to-date return of -19.61% 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 diminished as 172,451 shares valued at GH¢656,759 changed hands from 2,22,506 shares valued at GH¢1,213,982 in the previous session. GCB Bank dominated trades by volume and value accounting for 99.91% of the total volume traded and 98.58% 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).