Market Summary
The benchmark index advanced by 2.99 points (+0.14%) on the back of Cal Bank (+6.67%) to close today’s session at 2,177.43 with a year-to-date return of 12.15% while the market capitalization increased by +0.06% to settle at GH¢56.91 billion.

The GSE Financial Index moved up by 5.44 points (+0.29%) to close at 1,873.31 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%.

A total of 57,616 shares valued at GH¢49,450 changed hands from 499,930 shares valued at GH¢534,155 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 91.00% of the total volumes traded and 84.83% 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.