GSE Posts Modest Gains Despite Sharp Fall in Trading Activity
Ghana’s benchmark equity index extended gains on Wednesday, even as trading activity slumped to its lowest in recent weeks.
The GSE Composite Index added 0.42 per cent to close at 7,443.29 points, lifting its year-to-date return to 52.26 per cent.
Market capitalisation rose to GH¢151.46bn, supported by advances in GCB Bank, MTN Ghana and Fan Milk.
Turnover collapsed 93.6 per cent from the previous session to GH¢2.20mn, with volumes down a similar 93.2 per cent to 589,225 shares.
CAL Bank led activity with 228,091 shares traded, followed by MTN Ghana with 219,189 shares worth GH¢870,845.
Losers on the day included CAL Bank, down 1.92 per cent to GH¢0.51, and Unilever Ghana, which shed 0.44 per cent to GH¢20.40.
The GSE Financial Stock Index was little changed at 3,414.31 points, maintaining a 43.41 per cent gain for the year.
