The benchmark index rebounded by 11.74 points (+0.53%) to close at 2,203.16 with a year-to-date return of 14.08% on the back of MTN Ghana (+1.20%) while the market capitalization was up 0.22% to settle at GH¢57.13 billion.
The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,856.06 with a year-to-date return of 4.11% while the SAS Manufacturing Index stayed at 1,619.23 with a year-to-date return of -4.83%.
Trading activity surged as 7,021,508 shares valued at GH¢5,901,757 changed hands from 35,782 shares valued at GH¢56,147 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 99.96% of the total volumes traded and 99.90% 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.