Composite Index Closes Flat as GLD Sheds GHS 6.50
The benchmark Ghana Stock Exchange (GSE) Composite Index ended Tuesday’s trading session unchanged at 6,065.10 points, maintaining a Year-To-Date (YTD) gain of 24.07%.
The Financial Stock Index also remained flat at 3,099.34 points, with its YTD return steady at 30.18%.
Market capitalization declined by GHS 18.85 million to GHS 135.61 billion, reflecting investor sell-offs and muted market activity.
Trading volumes dipped sharply by 80.18% to 175,461 shares, translating into a total market turnover of GHS 1,531,279.84.
Gold ETF (GLD) emerged as the session’s sole price mover, shedding GHS 6.50 to close at GHS 453.50 per share. The decline contributed to the day’s overall bearish sentiment.
MTN Ghana (MTNGH) led market activity with 155,500 shares traded, amounting to GHS 467,250.00 in value.
Other actively traded equities included TotalEnergies Marketing Ghana (TOTAL), CAL Bank (CAL), Ecobank Transnational Incorporated (ETI), and Ghana Oil Company (GOIL), ranked in descending order of volumes traded.
The market is expected to remain relatively subdued as investors adopt a cautious approach to trading activity on the local bourse.
