Stock Market Takes a Dip: GSE Composite Index down by 86.93 points
The Ghanaian stock market saw a downturn this week, with the GSE Composite index closing 86.93 points lower at 2,342.62 points and a year-to-date return of minus 4.14%.
Meanwhile, the GSE Financial Stock Index saw a decline of 22.84 points, ending the week at 2,018.12 points and a year-to-date return of minus 1.68%.
Out of the 23 equities traded, only one recorded a price increase, with TOTAL gaining GH¢0.05 to close at GH¢4.06 per share.
On the other hand, five stocks recorded price declines, led by GCB, which lost GH¢0.39 to close at GH¢3.51 per share.
UNIL also saw a decline of GH¢0.33 to close at GH¢2.25.
GAINER & DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| TOTAL | 4.06 | 4.01 | 0.05 | 1.50% |
| GCB | 3.51 | 3.90 | -0.39 | -10.91% |
| UNIL | 2.25 | 2.58 | -0.33 | -42.01% |
| SCB | 19.95 | 20.16 | -0.21 | -1.04% |
| FML | 2.50 | 2.70 | -0.20 | -16.67% |
| MTNGH | 0.82 | 0.88 | -0.06 | -6.82% |
The decrease in market capitalization, amounting to GH¢949.18 million, brought the total to GH¢63.60 billion at the end of the trading week.
The volume of shares traded increased by 30.08%, reaching 902,475 shares with a value of GH¢827,347.05. However, trade turnover saw a 46.12% decrease.
SIC was the most traded stock during the week, while MTNGH accounted for 31.63% of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| SIC | 317,640 | 98,468.40 |
| MTNGH | 316,996 | 261,689.68 |
| GOIL | 142,626 | 242,464.20 |
| TOTAL | 41,152 | 167,077.12 |
| ETI | 40,151 | 6,022.65 |
