The GSE Composite Index remained unchanged, closing at yesterday’s level of 2,240.35 with a -0.74% year-to-date return while market capitalization stayed at GH¢56.62 billion.

The GSE Financial Index closed flat at 1,985.53 with a year-to-date return of -1.69% while the SAS Manufacturing Index took its successive changeless run to seven sessions, closing at 3,481.52 with a 0.00% year-to-date return.

A total of 769,847 shares valued at GH¢127,128 changed hands compared to 139,395 shares valued at GH¢201,837 at the previous session. Ecobank Transnational dominated trades by volume, accounting for 86.52% of total volume traded while MTN Ghana dominated trades by value, accounting for 56.86% of the total value traded.    

We expect activity levels to increase as the holiday season ends.  

Announcement of Agricultural Development Bank’s (ADB) Private Placement by Ghana Amalgamated Trust (GAT)

Agricultural Development Bank (GSE: ADB)

ADB has announced a Private Placement of 39,076,924 ordinary shares of no par value to GAT in order to raise GH¢127 million at a placement price of GH¢3.25 per share.

The equity injection of GH¢127 million is part of ADB’s recapitalization exercise and will support the holistic growth of the bank.

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