The benchmark index moderated by 7.19 points (-0.32%) to end today at 2,205.47 with a year-to-date return of 13.59% as a result of price depreciation in Ecobank Transnational (-12.50%). The market capitalization shed 0.42% to settle at GH¢57.03 billion.
The GSE Financial Index was down 13.05 points (-0.70%) to close at 1,860.26 with a year-to-date return of 4.35% while the SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.
Trading activity weakened as 2,559,823 shares valued at GH¢792,543 changed hands from 7,416,123 shares valued at GH¢6,402,657 in the previous session. Ecobank Transnational dominated trades by volumes, accounting for 69.55% of the total volumes traded while MTN Ghana dominated trades by value, accounting for 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.