GSE Composite Index Holds Steady as Trading Volumes Plummet
The Ghana Stock Exchange (GSE) Composite Index closed unchanged at 4,888.53 points, maintaining its Year-To-Date (YTD) return at an impressive 56.17%. Similarly, the GSE Financial Stock Index held steady at 2,380.79 points, with a YTD return of 25.20%.
The market’s overall capitalization remained static at GH¢111.39 billion, reflecting no movement during the trading session.
However, the session saw a significant decline in trading activity. The total volume of shares traded plummeted by 98.84% to 14,270 shares, compared to the previous session’s 1,230,846 shares.
Correspondingly, the total value of trades dropped sharply by 99.02% to GH¢50,480.89 from GH¢5,124,993.77 recorded earlier.
Top Five Traded Equities
MTN Ghana (MTNGH) dominated the day’s trading, recording the highest volume with 11,160 shares valued at GH¢27,900.00.
Other equities in the top five included CAL Bank (CAL), Unilever Ghana (UNIL), Société Générale Ghana (SOGEGH), and Republic Bank Ghana (RBGH), although their trade volumes lagged significantly behind MTNGH.
The trading day was marked by a lack of price movements, with no changes recorded for any stocks on the market.
Investors will be looking for more activity in subsequent sessions to assess whether the market can sustain its impressive YTD returns.
