The GSE Composite Index closed the session flat at 2,207.27 with a year-to-date return of 13.68% while the market capitalization stayed at GH¢57.05 billion.
The GSE Financial Index was unchanged, closing at yesterday’s level of 1,863.52 with a year-to-date return of 4.53% while the SAS Manufacturing Index remained at 1,619.23 with a year-to-date return of -4.83%.
Trading activity weakened as 4,375,449 shares valued at GH¢3,634,297 changed hands from 9,870,370 shares valued at GH¢8,246,974 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 99.96% of the total volumes traded and 99.88% 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.