Today’s session closed on a positive note as MTN Ghana (+1.19%) and Total Petroleum (+0.32%) pushed the benchmark index up by 11.85 points (+0.54%) at 2,226.75 with a year-to-date return of 14.69%. The market capitalization was up 0.22% to close at GH¢57.26 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 bolstered as 6,327,714 shares valued at GH¢5,384,521 changed hands from 10,811 shares valued at GH¢24,481 in the previous session. MTN Ghana dominated trades by volumes and value, accounting for 99.81% of the total volumes traded and 99.70% of the total value traded.
We expect trading activity to increase 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.