Local Bourse commences week flat while trades rebound
The Ghana Stock Exchange (GSE) Composite Index opened the week flat at 2,177.43 with a year-to-date return of 12...
The Ghana Stock Exchange (GSE) Composite Index opened the week flat at 2,177.
43 with a year-to-date return of 12.
15% while the market capitalization was unchanged at GH¢56.
91 billion.
The GSE Financial Index recorded no gains or losses,.
closing at 1,873.
31 with a year-to-date return of 5.
08% while the SAS Manufacturing Index remained unaffected at 1,619.
23 with a year-to-date return of -4.
83%.
Trading activity rebounded as 3,329,979 shares valued at GH¢2,802,839.
changed hands from 28,244 shares valued at GH¢34,924 in the previous session.
MTN Ghana dominated trades by volumes and value, accounting for 52.
01% of the total volumes traded and 49.
44% of the total value traded.
We anticipate activity levels to increase.
Ecobank Nigeria announces the pricing of its Senior Unsecured.
US$300 Million Bond.
Ecobank Transnational Incorporated (GSE: ETI)
.
Ecobank Nigeria (“ENG” or “the Bank”), a wholly-owned subsidiary of Ecobank Transnational Incorporated (‘ETI’),.
the parent company of the Ecobank Group, announced that it has successfully priced its US$300.
million bond issuance maturing in February 2026, with the settlement of the bond to take.
place on 16 February 2021.
The fixed-rate, US dollar-denominated bond, with a tenor of.
5 years, carries a coupon rate of 7.
125% and will be listed on the London Stock Exchange.