Market Summary
The benchmark index was down 3.59 points (-0.16%) on the back of Cal Bank (-7.14%) to close at 2,174.44 with a year-to-date return of 11.99%, hence, the market capitalization decreased by 0.07% to settle at GH¢56.88 billion.

The GSE Financial Index dipped by 6.52 points (-0.35%) to close at 1,867.87 with a year-to-date return of 4.77% while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.

Trading activity surged as 1,012,696 shares valued at GH¢937,533 changed hands from 248,838 shares valued at GH¢196,639 in the previous session. Cal Bank dominated trades by volumes and value, accounting for 49.58% of the total volumes traded and 40.18% of the total value traded.
We anticipate activity levels to increase.

Ecobank Nigeria announces the pricing of its Senior Unsecured US$300 Million Bond.
Ecobank Transnational Incorporated (GSE: ETI)

Ecobank Nigeria (“ENG” or “the Bank”), a wholly-owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its US$300 million bond issuance maturing in February 2026, with the settlement of the bond to take place on 16 February 2021.

The fixed-rate, US dollar-denominated bond, with a tenor of 5 years, carries a coupon rate of 7.125% and will be listed on the London Stock Exchange.