Market Summary
The GSE Composite Index was up 21.84 points (+1.09%) to close at 2,024.13 with a 4.25% year-to-date return on the back of price appreciation in two banking stocks. The market capitalization increased by 0.41% to settle at GH¢55.30 billion.
The GSE Financial Index was on the upside, gaining 39.68 points (+2.18%) to close at 1,856.01 with a year-to-date return of 4.11% due to Standard Chartered (+10.00%) and CAL Bank (+1.45%).
Meanwhile, the SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.
A total of 70,203 shares valued at 65,813 changed hands from 95,807 shares valued at GH¢67,950 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 80.06% of the total volume traded and 58.08% 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.