The GSE Composite Index declined by 11.75 points (-0.46%) due to MTN Ghana (-0.88%) to close at 2,566.88 with a year-to-date return of 32.21% while the market capitalization eased to GH¢60.86 billion.
The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,895.25 with a year-to-date return of 6.31% while the SAS Manufacturing Index stayed at 1,431.10 with a year-to-date return of -15.88%.
Trading Activity weakened as 839,149 shares valued at GH¢1,052,511 changed hands from 2,040,993 shares valued at GH¢9,169,180 in the previous session. MTN Ghana dominated trades by both volumes and value, accounting for 94.63% of the total volumes traded and 85.22% of the total value traded.
We anticipate activity levels to increase.
Company in Focus
Aluworks Limited (GSE: ALW)
Aluworks Limited is an aluminium continuous casting and cold rolling mill located in Tema, Ghana.
After an Initial Public Offer (IPO) in October 1996 at the price of GH¢0.135 per share, the company got listed on the Ghana Stock Exchange on November 29, 1996.
Following two rights issues in 2009 and 2013, issued shares currently amount to 236,687,001 shares at a price of GH¢0.10 per share.