GSE: Market capitalisation drops by GHS 215m
The Ghana Stock Exchange experienced a tumultuous trading day on the 1st of March, 2023, with the GSE-Composite Index losing 18.78 points, resulting in a YTD change of -1.47%. Meanwhile, the GSE Financial Stocks Index dropped by 36.94 points, representing a YTD return of -5.17%. The market capitalization also took a hit, declining by GH¢215.44 million and ending the trading day at GH¢64.24 billion, with a YTD change of -0.42%.
Ecobank Ghana PLC (EGH) and NewGold (GLD) saw declines, with EGH losing GH¢0.66, while GLD experienced a significant decrease of GH¢6.70, bringing its closing price to GH¢225.50. On the other hand, Unilever Ghana PLC (UNIL) saw gains, with its share price increasing by GH¢0.27, reaching a closing price of GH¢2.99.
During the trading session, a total of 88,932 shares were traded across 14 counters, indicating an increase in trading volume by 96.55%. In addition, the total value of shares traded rose by a whopping 17057.21% compared to the previous trading session, reaching GH¢13,244,114.90.
NewGold (GLD) dominated the trading chart, accounting for 99.77% of the total value traded, with 58,600 shares being traded at a value of GH¢13,214,300.00. This was followed by CalBank PLC. (CAL), with 23,994 shares being traded at a value of GH¢12,236.94, representing 0.09% of the total traded value.
However, it is essential to note that the above information is for informational purposes only, and SIC Brokerage, which provided the information, has issued a disclaimer stating that they and their employees do not guarantee any investment results obtained from using their content.
They also advise individuals to consult their own investment advisor and conduct their own research before making any investment decisions. SIC Brokerage further disclaims any liability for inaccurate, incomplete, or unreliable information, commentary, analysis, opinions, advice, and/or recommendations resulting in investment or other losses.
The Ghana Stock Exchange experienced a challenging trading day, with significant declines in share prices, particularly in the financial sector, and an overall decrease in market capitalization. It is advisable that investors exercise caution and conduct thorough research before making any investment decisions, particularly in light of the disclaimer issued by SIC Brokerage.
