Market Summary
The GSE Composite Index began the week flat at 2,214.90 with a year-to-date return of 14.08% while the market capitalization stayed at GH¢57.13 billion.
The GSE Financial Index recorded no gains or losses, closing at the previous session’s level of 1,856.06 with a 4.11% year-to-date return while the SAS Manufacturing Index remained unchanged at 1,619.23 with a year-to-date return of -4.83%.

Trading activity waned as 10,811 shares valued at GH¢24,481 changed hands from 707,836 shares valued at GH¢598,345 in the previous session. Cal Bank dominated trades by volumes, accounting for 56.29% of the total volumes traded while Standard Chartered dominated trades by value, accounting for 61.66% of the total value traded.

We expect trading activity to pick up as companies continue to release their earnings results.

Appointment of a Board Member
GOIL Company Limited (GSE: GOIL)
GOIL has announced the appointment of Mrs Mabel Abena Amoatemaa Sarpong as a Board Member of the company, effective February 16, 2021.

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 October 15, 2020.