GSE Composite Index Inches Up as Market Capitalization Rises to GHS139.41bn
The Ghana Stock Exchange (GSE) closed trading on a positive note on Tuesday, July 9, as the benchmark GSE Composite Index (GSE-CI) advanced by 1.13 points to close at 6,417.58 points, reflecting a Year-To-Date (YTD) return of 31.28%.
However, the GSE Financial Stock Index (GSE-FSI) slipped marginally by 0.19 point to end the session at 3,433.65 points, albeit with a robust YTD gain of 44.22%.
The market’s overall capitalization witnessed an uptick, adding GHS5.22 million to settle at GHS139.41 billion.
Despite the bullish movement in the main index, market activity weakened significantly. A total of 159,348 shares were traded, marking an 80.44% decline in volume compared to the previous session. The cumulative value of trades stood at GHS2,778,793.80.
In terms of price movers, GOIL gained GH¢0.04 to close at GH¢2.05, while ACCESS Bank Ghana and GLD saw declines, ending the session at GH¢16.39 and GH¢352.32 respectively.
Telecom giant MTN Ghana (MTNGH) dominated trading activity, accounting for 90,648 shares valued at GH¢272,044.00. Insurance firm SIC, CAL Bank, ACCESS Bank Ghana and GLD rounded off the top five most traded equities, ranked by volume.
Market watchers anticipate cautious trading in the coming sessions as investors react to ongoing macroeconomic developments and corporate disclosures.
