Market Summary
The benchmark index advanced by 8.48 points (+0.47%) on the back of Ecobank Transnational (+14.29%), Fan Milk (+1.90%) and Ecobank Ghana (+0.81%) to close at 1,821.72 with a -19.29% year-to-date return. The market capitalization increased by 0.48% to close at GH¢52.12 billion.

The GSE Financial Index was up 14.95 points (+0.92%) to close at 1,623.20 with a year-to-date return of -19.63% while the SAS Manufacturing Index edged up by 3.56 points (+0.19%) to close at 1,834.69 with a -47.30% year-to-date return.

SIC Insurance (-11.11%) was the sole decliner at GH¢0.08.
Trading activity strengthened as 24,043,675 shares valued at GH¢18,654,837.76 changed hands from 1,014,394 shares valued at GH¢98,508.80 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 83.66% of the total volume traded and 65.77% of the total value traded.

We expect activity levels to pick up while investors await more third-quarter earnings results.

Company in Focus
Mega African Capital Limited (GSE: MAC)
MAC is an investment company that invests its capital for the mutual benefit of its members and arrange for the management of asset acquired by the company.

Mega African Capital was established as a long-term investment company for high net-worth investors seeking exposure to African opportunities with the potential to generate high real returns.
MAC is listed on the stock exchange (GSE) with a current share price of GH¢5.98.