Market Summary
The benchmark index moderated by 1.78 points (-0.09%) to close at 1,967.24 with a 1.32% year-to-date return due to ACCESS (-2.05%) and UNIL (-9.89%) while the market capitalization eased to GH¢54.70 billion.
The GSE Financial Index was upbeat as a result of gains in RBGH (+9.76%) and SOGEGH (+3.03%), increasing by 5.66 points (+0.32%) to close at 1,795.32 with a year-to-date return of 0.70
The SAS Manufacturing Index tumbled by 78.47 points (-4.62) to close at 1,619.23 with a year-to-date return of -4.83%.
Trading activity surged as 209,167 shares valued at GH¢110,076 changed hands from 31,167 shares valued at GH¢21,449 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 35.46% of the total volume traded and 65.76% of the total value traded.
We anticipate activity levels to increase.
Anglogold Ashanti Completes Sale of Entire Interests in the Sadiola Mine
AngloGold Ashanti Limited (GSE: AGA)
AngloGold Ashanti Limited (AGA) is pleased to announce, together with its joint venture partner IAMGOLD Corporation (IMG), the complete sale of their entire interests in Société d’Exploitation des Mines d’Or de Sadiola S.A. (“SEMOS”) to Allied Gold Corp (the “Transaction”). SEMOS’ principal asset is the Sadiola Mine located in the Kayes region of Western Mali.
Prior to the completion of the Transaction, AGA and IMG each held a 41% interest in SEMOS with the remaining 18% interest held by the Republic of Mali.
AGA is currently trading at GH¢37 per share on the Ghana Stock Exchange.