Benchmark Index Rises on Back of Gains in Access Bank, MTN Ghana and GLD
Ghana’s benchmark equity gauge advanced on Tuesday, buoyed by modest gains in telecoms and banking stocks, as overall trading volumes dropped sharply.
The Ghana Stock Exchange Composite Index added 22.46 points to close at 6,311.45, pushing its year-to-date return to 29.11%. The financial stock index edged up 1.57 points to 3,130.76, bringing its YTD performance to 31.50%.
Market capitalisation climbed by GHS 287.34 million to GHS 138.97 billion. Despite the positive price movements, total market activity slowed considerably. Turnover slumped 86.27% to GHS 2.03 million, while volumes traded fell 74.54% to 321,415 shares.
Among the day’s gainers, Access Bank Ghana rose by 8 pesewas to GH¢9.20, extending its YTD rally to 76.92%. MTN Ghana added 2 pesewas to close at GH¢3.21, while the GLD ETF climbed GH¢3.00 to end the session at GH¢441.50.
MTN Ghana was the most actively traded equity with 236,536 shares exchanged, valued at GHS 758,176. Other heavily traded stocks included CAL Bank, Ecobank Transnational Incorporated, GLD and GOIL.
No stocks recorded losses during the session.
Meanwhile, investors are eyeing upcoming dividend payments, with Unilever Ghana set to disburse a final dividend of GHS 0.60 per share on June 23. BOPP and Fan Milk will follow in July with payouts of GHS 0.9085 and GHS 0.08 per share respectively.
