The benchmark index closed 0.13 points (+0.01%) marginally higher at 1,822.22 with a -19.27% year-to-date return as a result of a price appreciation in Standard Chartered (+0.07%). The market capitalization stayed at GH¢53.12 billion.
The GSE Financial Index inched up by 0.23 points (+0.01%) to close at 1,623.89 with a year-to-date return of -19.60% while the SAS Manufacturing Index remained unchanged at 1,836.47 with a -47.25% year-to-date return.
Trading activity strengthened as 10,126,896 shares valued at GH¢6,186,240 changed hands from 172,451 shares valued at GH¢656,759 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.79% of the total volume traded and 98.65% 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).