The local bourse closed flat for the second straight session as the benchmark index stayed at 1,881.45 with a -16.64% year-to-date return while market capitalization remained at GH¢52.93 billion.

Consequently, the GSE Financial Index and the SAS Manufacturing Index was unchanged, closing at 1,735.76 with a -14.06% year-to-date return and 2,599.53 with a year-to-date return of -25.33%, respectively.

A total of 280,006 shares valued at GH¢169,989 changed hands from 239,446 shares valued at GH¢213,557 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 61.06% of the total volume traded and 57.33% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.

Company in Focus
NewGold Issuer Limited (GSE: GLD)
GLD, sponsored by Absa Capital, is an investment holding company managing NewGold Exchange Traded Fund. The company provides investors the opportunity to invest in commodity markets and gold bullion by issuing listed instruments (structured as debentures) backed by physical gold.
The debentures are listed on Ghana (GSE), Johannesburg (JSE), Botswana (BSE), and Nigerian Stock Exchange (NSE), and secondary listed on Uganda (USE), Mauritius (SEN), and Zambia Stock Exchange (LuSE).
The current share price of GLD on the GSE is GH¢90.90 (+68.33% YTD from GH¢54.00).