Home / BUSINESS / Stock market rebounds on the back of GCB

Stock market rebounds on the back of GCB

Market Summary

The benchmark index gained 3.80 points (+0.21%) on the back of GCB Bank (+4.05%) to close today’s session at 1,842.85 with a -18.36% year-to-date return while the market capitalization was up 0.07% to close at GH¢53.73 billion.

Consequently, the GSE Financial Index closed 6.90 points (+0.42%) higher at 1,640.05 with a -18.80 % year-to-date return while the SAS Manufacturing Index remained unchanged, closing at 1,836.46 with a year-to-date return of -47.25%.

Trading activity surged as 4,670,182 shares valued at GH¢17,979,847 changed hands from 351,988 shares valued at GH¢1,803,701 in the previous session.

GCB Bank dominated trades by volume and value, accounting for 96.36% of the total volume traded and 96.36% of the total value traded.

We expect activity levels to pick up while investors await third-quarter earnings results.

De-Listing from The Ghana Stock Exchange

Following the end of the tender offer and successful settlement of all tendering shareholders, PZ Cussons Ghana Limited has announced the Company’s de-listing from the Ghana Stock Exchange (GSE), effective 19th October, 2020.

The offer results and de-listing have been approved by the GSE.

 

Source: SAS Ghana

About admin

Check Also

Dettol Relaunches Dettol Cool Soap with up to 5°C Instant Cooling Sensation

    Dettol cool soap is an odour antibacterial soap   Ghana’s leading hygiene brand, …

For the first time in the history of Ghana, consumers of electricity can sit in the comfort of their homes or wherever they find themselves and buy electric power without having to join any line at the offices of the Electricity Company of Ghana

You can now buy electricity using your phone instead of having to wait in line few years ago – Bawumia on his achievements

For the first time in the history of Ghana, consumers of electricity can sit in …