The benchmark index advanced by 28.19 points (+1.34%)
Market Summary
The benchmark index advanced by 28.19 points (+1.34%) on the back of gains in MTN Ghana (+4.62%) to close at 2,135.24 with a -5.40% year-to-date return while market capitalization settled at GH¢55.57 billion.
Ecobank Transnational Incorporated (-12.50%) dragged the GSE Financial Index down by 13.37 points (-0.71%) to close at 1,880.01 with a year-to-date return of -6.91% while the SAS Manufacturing Index remained unchanged at 3,203.29 with a -7.99% year-to-date.
Trading activity waned as 111,200 shares valued at GH¢8,084.00 changed hands from 101,252 shares valued at GH¢51,675 at the previous session.
Ecobank Transnational Incorporated dominated trades by volume and value, accounting for 99.82% of the total volume traded and 98.32% of the total value traded.
We expect trading activity to pick up as investors take advantage of bargain stocks.
Preference Share Dividend Payment
Standard Chartered Bank Limited (GSE: SCB)
SCB has announced a dividend payment of GH¢0.0471 per preference share in respect of the dividend period 31st March, 2020 to 30th September, 2020. The Dividend Rate (interest) is 18.1519%.
