The historic listing of MTN shares on the Accra bourse ends the two-year drought on the Ghana Stock Exchange (GSE), which recorded a 52 per cent dip last year.
The listing of the telecoms company is therefore is expected to bring some excitement to the market and increase the GSE market captalisation by some 16.4 per cent, from GH¢55.97 to GH¢65.19 billion.
This means that the public quotation of MTN shares alone on the GSE would raise the market captalisation of the exchange by over GH¢9.22 billion.
Deputy Managing Director of the GSE, Mr Ekow Afedzi did not mince words when he stated that the listing would improve liquidity on the market.
“For us at the GSE, we are delighted to see such companies raise capital and list because investment in viable businesses like MTN lead to wealth creation for Ghanaians”, he said.
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