Mr Selorm Adadevor, the Chief Executive Officer of the MTN Ghana, has posited that the telecom giant currently represents close to 80 per cent of all the trading activities on the Ghana Stock Exchange (GSE).
He therefore, called on other companies currently listed on the local bourse and those that are yet to be listed to join the narrative. This, he believes, will help improve the performance of the GSE.
“Today I am proud to say MTN represents close to 80 per cent of trades on the Ghana stock exchange.
“We are looking forward to see more companies join.”
Selorm Adadevor
Moreover, he stated that the leading telecom company will not relax following this achievement. Rather, he revealed, the company will continue to look for opportunities to improve on what the team has been doing over the years.
“But for us, it is never a story of ending. We always look at the future and we think about the opportunities and how we can improve on what we do.
“The ambition continues to be the same, we will continue to brighten the lives of Ghanaians as we have done.”
Selorm Adadevor
In addition, Mr Adadevoh suggested that there is the need to put the right technological infrastructure in place in order to succeed. He specifically mentioned the implementation of the African Continental Free Trade Area (AfCFTA) as one of the interventions that will drive success in the tech industry.
He thus, assured that MTN will make Ghana the technology centre for AFTCFA.
“One of the things that will make the countries do well is technology. Ghana’s desire to become a digital economy is great but we don’t get there without infrastructure.”
Selorm Adadevor
Performance of MTN Ghana on GSE in Previous Trading Session
At the close of last trading session (Friday, August 20, 2021), MTN Ghana again led the charge of volume of shares traded. It recorded the highest volume of 176,382 traded shares as at the close of last trading session.
Moreover, MTN Ghana closed its last trading day at GHc1.26 per share on the Ghana Stock Exchange (GSE).
Meanwhile, MTN Ghana began the year with a share price of GHc 0.64 and has since gained 96.9 per cent on that price valuation, ranking it first on the GSE in terms of year-to-date performance.
This performance has made many shareholders of MTN Ghana optimistic about MTNGH knowing the stock has accrued 7 per cent over the past four-week period on the Accra bourse.
However, MTN Ghana is the number one most traded stock on the Ghana Stock Exchange over the past three months (May 24 – Aug 20, 2021).
MTN Ghana has traded a total volume of 65.4 million shares valued at GHc 78.1 million over the period, with an average of 1.04 million traded shares per session. A volume high of 7.67 million was achieved on June 9, for the same period.
However, many analysts do not expect the dominance of MTN Ghana on the Ghana Stock Market to end anytime soon due to strong investor confident in Scancom PLC.
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