The GSE Composite Index began the week 0.11 points (+0.006%) higher at 1,821.83 with a -19.29% year-to-date return on the back of one consumer product. The market capitalization inched up by 0.002% to close at GH¢52.12 billion.
The GSE Financial Index recorded no gains or losses, closing at 1,623.20 with a year-to-date return of -19.63% while Fan Milk (+0.93%) pushed the SAS Manufacturing Index up by 1.78 points (+0.10%) to close at 1,836.47 with a -47.25% year-to-date return.
Trading activity weakened as 610,411 shares valued at GH¢2,135,301 changed hands from 9,181,384 shares valued at GH¢5,686,854 in the previous session. Fan Milk dominated trades by volume accounting for 62.02% of the total volume while Standard Chartered dominated by value, accounting for 77.30% 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.