GSE Market Capitalisation Declines by GHS 661 Million; YTD Returns fall to 42.25%
The Ghana Stock Exchange (GSE) experienced a notable downturn, with the GSE Composite Index shedding 60.62 points to close at 4,452.88, reflecting a year-to-date (YTD) return of 42.25%.
The GSE Financial Stocks Index remained unchanged at 2,115.52 points, maintaining a YTD gain of 11.25%.
In individual stock performances, Benso Oil Palm Plantation (BOPP) edged up GH¢0.01 to settle at GH¢23.06. Conversely, MTN Ghana (MTNGH) continued its decline, dropping to GH¢2.30.
This contributed to a market capitalization decrease of GH¢661.46 million, bringing the total market value to GH¢92.91 billion.
Market activity was subdued, with total turnover plummeting 94.44% to GH¢126,246.43. Thirteen stocks were traded, with total volumes falling to 55,020 shares.
MTNGH and Fan Milk Limited (FML) closed with outstanding offers at GH¢2.30 and GH¢3.50, respectively. MTNGH led the trading volumes, recording 33,361 shares.
The sharp decline in turnover and volumes underscores a cautious sentiment among investors, as market participants continue to navigate the evolving economic landscape.
