Stock Market Highlights
Fan Milk Ghana (+0.93%) was the sole gainer this week, pushing the benchmark index up by 0.01% to close at 1,821.83 with a -19.29% year-to-date return while market capitalization increased to settle at GH¢53.12 billion.
The GSE Financial Index was flat throughout the week, closing at last week’s level of 1,623.20 with a -19.63% year-to-date return.

Trading Activity Declined
A total of 15,140,231 shares valued at GH¢11,421,834 changed hands this week compared to 61,301,612 shares valued at GH¢40,971,814 last week.
MTN Ghana dominated trading activity, accounting for 74.82% of total value traded.

Outlook
We expect a slowdown in trading activity next week due to the coronavirus outbreak.
Scancom PLC (MTNGH)
MTN has announced an Extraordinary General Meeting that will be held virtually and streamed live from the Company’s Head Office at MTN House, Independence Avenue, Accra on 3rd December 2020 at 11:00 am.

Fixed Income Market Highlights
Primary Market
Government missed its target for this week’s auction by 21.45%. A total of GH¢674.62 million was raised in 91 day bills and GH¢99.09 million in 182 day bills compared to GH¢1,034.69 million in 91 day bills and GH¢98.53 million in 182 day bills last week.
The yield of the 91 day bill increased by 5bps from 14.01% to 14.06% while the average yield of the 182 day bill increased by 2bps to 14.13%.
The target for the next auction is GH¢985 million in 91 and 182 day bills.

Secondary Market
Securities with medium term maturities accounted for 55% of trades while securities with short term maturities accounted for 14% of trades this week.

Investors looking to purchase/sell stocks and treasury bills can do so through SIC Brokerage Ltd.
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