The GSE Composite Index declined marginally by 2.94 points (-0.16%) to close at 1,819.28 with a -19.40% year-to-date return due to Guinness Ghana (-10.00%) while the market capitalization stayed at GH¢53.10 billion.
The GSE Financial Index recorded no gains or losses, closing at 1,623.89 with a year-to-date return of -19.60%.
The SAS Manufacturing Index moderated by 47.10 points (-2.56%) to close at 1,789.37 with a -48.60% year-to-date return.
Trading activity weakened as 776,877.00 shares valued at GH¢696,267.70 changed hands from 10,126,896 shares valued at GH¢6,186,240 in the previous session. GGBL dominated trades by volume and value, accounting for 97.79% of the total volume traded and 98.20% of the total value traded.
We anticipate activity levels to pick up.
Extraordinary General Meeting to Authorise Share Buyback
Scancom Plc (MTN Ghana) (GSE: MTNGH)
MTN Ghana will host a virtual Extraordinary General Meeting (EGM) on December 3, 2020 to seek approval for the buyback of 1,089,630 shares from applicants who did not provide sufficient personal information to complete their Know Your Customer (KYC) requirement as required under the company’s Initial Public Offering (IPO).