Market Summary
Cal Bank (-9.64%) moderated the benchmark index by 4.79 points (-0.22%) to close at 2,203.16 with a year-to-date return of 13.47% while the market capitalization decreased by 0.09% to settle at GH¢57.01 billion.

Accordingly, the GSE Financial Index shed 8.69 points (-0.47%) to close at 1,856.06 with a year-to-date return of 4.11%.
The SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.

Trading activity strengthened as 35,782 shares valued at GH¢56,147 changed hands from 4,588 shares valued at GH¢7,467 in the previous session. MTN Ghana dominated trades by volumes, accounting for 43.88% of the total volumes traded while Standard Chartered dominated trades by value, accounting for 30.81% 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.