MTN Ghana Drives Benchmark Index Higher
Market Summary
The benchmark index advanced by 11.74 points (+0.60%) to close at 1,967.52 with a 1.34% year-to-date return as a result of an upward price movement in MTN Ghana (+1.56%) while the market capitalization increased by 0.22 % to settle at GH¢54.67 billion.
The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,787.20 with a year-to-date return of 0.25% while the SAS Manufacturing Index remained unchanged at 1,701.33 with a 0.00% year-to-date return.
Trading activity increased as 20,043,692 shares valued at GH¢13,237,531 changed hands from 55,480 shares valued at GH¢47,879 in the previous session.
MTN Ghana dominated trades by volume and value, accounting for 99.90% of the total volume traded and 99.83% of the total value traded.
We anticipate activity levels to increase.
Anglogold Ashanti Completes Sale of Entire Interests in the Sadiola Mine
AngloGold Ashanti Limited (GSE: AGA)
AngloGold Ashanti Limited (AGA) is pleased to announce, together with its joint venture partner IAMGOLD Corporation (IMG), the complete sale of their entire interests in Société d’Exploitation des Mines d’Or de Sadiola S.A. (“SEMOS”) to Allied Gold Corp (the “Transaction”). SEMOS’ principal asset is the Sadiola Mine located in the Kayes region of Western Mali.
Prior to the completion of the Transaction, AGA and IMG each held a 41% interest in SEMOS with the remaining 18% interest held by the Republic of Mali.
AGA is currently trading at GH¢37 per share on the Ghana Stock Exchange.