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CMLT emerge the most traded stock as market cap rises to GHS 73.9bn

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
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CMLT emerge the most traded stock as market cap rises to GHS 73.9bn

The Ghana Stock Exchange witnessed a surge in trading, characterized by significant increases in both volume and value compared to the previous trading day.

A total of 212,605 shares changed hands, amounting to a value of GH¢364,732.06, reflecting jumps of 112.96% in trading volume and an impressive 356.80% in trading value.

Among the equities that dominated the trading landscape, Camelot (CMLT) emerged as the most actively traded stock, with a total of 71,396 shares exchanged. ETI followed closely, with 41,224 shares transacted, amounting to a value of GH¢6,183.60.

Notably, the top five traded stocks also featured MTNGH, EGH, and FML, showcasing a diverse array of investor interest.

The benchmark index, the GSE-Composite Index, demonstrated resilience, registering a gain of 11.97 points to conclude the trading session at 3,149.37 points. This uptick contributed to a year-to-date return of 28.87%, reinforcing the positive sentiment prevailing in the market.

Concurrently, the Financial Stocks Index recorded a notable advance of 22.39 points, closing at 2,024.05 points, effectively narrowing its year-to-date loss to -1.39%.

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Prominent stocks EGH and TOTAL delivered impressive gains, marking an upward trajectory. EGH appreciated by GH¢0.40 to reach GH¢6.60, while TOTAL posted a gain of GH¢0.01, closing at GH¢9.00.

As a cumulative effect of the day’s favorable trading dynamics, the market capitalization experienced a substantial increase of GH¢130.14 million, reaching a total of GH¢73.99 billion, reinforcing the upward momentum in the exchange.

These developments underscore the vibrancy and resilience of the Ghana Stock Exchange, with increased trading activity, positive index performance, and notable equity gains.

Tags: CMLTCMLT emerge the most traded stock as market cap rises to GHS 73.9bnEGHGSE
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