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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...

Local Bourse commences week flat while trades rebo
Local Bourse commences week flat while trades rebo

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.

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