The benchmark index began the week 11.74 points (+0.53%) higher at 2,212.66 with a year-to-date return of 13.96% due to MTN Ghana (+1.22%) while the market capitalization increased by 0.22% to close at GH¢57.28 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 surged as 7,416,123 shares valued at GH¢6,402,657 changed hands from 483,581 shares valued at GH¢401,376 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 90.20% of the total volumes traded and 86.70% of the total value traded.
We anticipate activity levels to increase.
Tender Offer to Qualifying Shareholders
Mechanical Lloyd PLC (GSE: MLC)
Pursuant to regulation 15 of the GSE Listing Rules, Mechanical Lloyd Plc (MLC ) is undertaking a tender offer, on behalf of the Promoters, to Qualifying Shareholders to purchase all their outstanding 16,900,487 ordinary shares at an offer price of GH¢0.10 per share.
Shareholders of MLC approved to delist the Company from the Ghana Stock Exchange at the Company’s 28th Annual General Meeting, held on 15 October 2020.