Stocks Open Week Lower as Market Capitalisation Sheds GHS 156 Million
Equities opened the week on a tepid note, with the benchmark Ghana Stock Exchange Composite Index (GSE-CI) falling 9.31 points to close at 6,344.23 points on Monday, reducing the index’s year-to-date return slightly to 29.78%. The pullback comes despite a surge in trade volumes and heightened activity across several counters.
Losses in heavyweights such as MTN Ghana (MTNGH), CAL Bank and gold-backed ETF GLD weighed on the broader market, pushing the GSE’s market capitalisation down by GHS 155.82 million to GHS 139.14 billion. The market’s downward momentum comes even as the GSE Financial Stock Index (GSE-FSI) climbed 16.88 points to 3,192.14 points, extending its YTD gain to a robust 34.08%.
Trade volumes more than doubled from the previous session, up 104% to 425,087 shares, while turnover surged by nearly 208% to GHS 1.25 million. The volume spike was driven primarily by MTNGH, which led trading with 271,112 shares worth GHS 864,402.10 changing hands. ETI, CAL, ACCESS and ALLGH rounded-up the top five most actively traded stocks by volume.
MTNGH fell by 2 pesewas to GH¢3.18, extending its YTD decline to 27.2%, while CAL Bank edged lower by 1 pesewa to GH¢0.59. GLD saw the steepest drop of the session, shedding GH¢13.90 to close at GH¢359.72.
ACCESS Bank Ghana emerged as the sole gainer, rallying 10% to GH¢10.12 and pushing its year-to-date gain to an impressive 94.62%—underscoring its standout performance in what has otherwise been a mixed earnings and trading environment.
