Ecobank overtakes MTN as the most traded stock per value on GSE
Ecobank Ghana (EGH) emerged as the most traded stock per value at the end of Thursday’s trading session on the Ghana Stock Exchange (GSE), temporarily taking over the title held by MTNGh stock for the most part of this year.
The stock accounted for 75.94 percent of the total value traded on the local bourse with a trade value of Ghs 901,582.
The EGH equity also overtook MTNGh in terms of volume traded. EGH ended the trading session with a total volume trade of 122,999 whereas MTNGh ended the trading session with volume and value trade of 37,552 and Ghs 46,206 respectively.
In terms of volume traded, CAL bank, led with a total trade of 1278,544.
Total trade turnover for thirteen (13) equities on Thursday, was 387,783 shares valued at Ghs 1,187,168.53.
Meanwhile, for a second day straight, the GSE Composite Index (GSE-CI) has slipped whereas the GSE Financial Stock Index (GSE-FSI) has gained.
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The slip in the GSE-CI was once again due to a pesewa loss in the share price of MTNGh to close at Ghs 1.23 whereas EGH gained a pesewa to close at Ghs 7.33
As a result, the benchmark GSE-CI lost 11.43 points to close at 2,728.10 whilst the GSE-FSI gained 0.56 points to close at 1,914.10 translating into a YTD return of 40.51 percent and 7.37 percent respectively.
The bourse’s market capitalization also droppedto Ghs 62.5 billion.
Details of the Daily Equity Market report of SIC Brokerage:
Daily Equity Market Report_26.08.2021 by Fuaad Dodoo on Scribd
