Ecobank equity records significant price gain, boosts bourse’s market capitalization
Ecobank Ghana (EGH) took the spotlight as the sole mover in terms of share price on the trading day. EGH shares recorded a commendable GH¢0.43 gain, closing at GH¢4.73, which subsequently elevated the market capitalization to GH¢74.25 billion.
Despite limited overall market activity, the day saw 55,145 shares changing hands, with a total value of GH¢63,199.63. In a comparatively subdued trading session, a total of eighteen (18) stocks were involved in exchanges. Notably, trading volumes experienced a sharp decline of 98.82%, while the total turnover similarly registered a significant drop of 99.17% compared to the preceding trading day.
MTNGH maintained its characteristic presence at the forefront, leading both in terms of volumes and value traded. The day witnessed the trading of 20,144 MTNGH shares, with a total value of GH¢29,008.36. Other stocks making up the top five traded stocks for the day included CAL, CPC, PBC, and SOGEGH.
The benchmark index, represented by the GSE-Composite Index, exhibited resilience by advancing 12.76 points to conclude at 3,172.93 points. This marks a year-to-date (YTD) return of 29.83%. Meanwhile, the Financial Stocks Index showed a positive performance as well, with a rise of 24.07 points, closing at 1,914.20 points, despite posting a YTD loss of -6.74%.
These developments underscore the dynamic nature of the Ghana Stock Exchange, with EGH’s impressive price gain and the overall market indices reflecting notable trends for investors to monitor.
