The benchmark index was unaffected, closing today’s session at 2,177.43 with a year-to-date return of 12.15% while the market capitalization stayed at GH¢56.91 billion.
The GSE Financial Index recorded no gains or losses, closing at 1,873.31 with a year-to-date return of 5.08% while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.
Trading activity declined as 105,741 shares valued at GH¢195,296 changed hands from 3,331,453 shares valued at GH¢2,824,897 in the previous session. Goil Company dominated trades by volumes and value, accounting for 74.04% of the total volumes traded and 60.53% of the total value traded.
We anticipate activity levels to increase.
Full-Year Earnings Results
Scancom PLC (MTN Ghana) (GSE: MTNGH)
Ghana’s biggest telecom service provider, MTN Ghana, has reported a 16.4% year-on-year growth in revenue from GH¢5.18 billion in 2019 to GH¢6.03 billion in 2020. Service revenue was up by 16.4% to GH¢5.99 billion.
Profit after tax increased by 38.4% to GH¢1.39 billion.
The Company’s Board has recommended a final dividend of GH¢0.05 per share, bringing the total dividend for the 2020 year to GH¢0.08 per share, following an interim dividend of GH¢0.03 per share at the end of the first quarter. This represents 70.5% of profit after tax and a 33.3% increase in dividend per share over those paid for 2019.