• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

NewGold, MTN continue to attract investors on the GSE

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
GSE

GSE

130
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

NewGold, MTN continue to attract investors on the GSE

The Ghana Stock Exchange witnessed a rather uneventful trading day with no gains for investors. The benchmark index, GSE-Composite Index, closed at 2,802.96 points, unchanged from the previous trading day. This represents a year-to-date (YTD) change of 14.69%, reflecting a somewhat stable market.

Similarly, the GSE Financial Stocks Index also remained unchanged, closing at 1,810.90 points, with a YTD return of -11.78%. The overall lack of movement in the financial stocks index could be attributed to the uncertainty and volatility in the financial sector, particularly the banking industry, which has faced several challenges over the past year.

The market capitalization on the exchange declined by GH¢3.11 million, ending the trading day at GH¢68.38 billion, which represents a YTD change of 6.00%. The decline in market capitalization could be attributed to the lack of trading activity during the session. A total of 619,921 shares valued at GH¢2,691,316.62 were traded across ten counters, a significant decline of -99.61% and -98.12% in total volume and value traded, respectively, compared to the previous trading session.

The decline in the total volume and value traded could be indicative of the current risk-averse environment, where investors are cautious about taking positions in the market due to the unpredictable nature of the global economy. It is also possible that investors are holding back in anticipation of upcoming corporate earnings reports.

NewGold (GLD), one of the prominent stocks on the exchange, lost GH¢1.07 to close at GH¢233.00, representing a decrease of 0.46%. Despite the decline, NewGold remains an attractive stock for investors due to its impressive performance in the precious metals market, which is currently experiencing significant growth.

Scancom PLC. (MTNGH) topped the trading chart, with 607,703 shares valued at GH¢790,013.9, representing 29.35% of the total value traded. This was followed by New Gold (GLD), trading 8,136 shares valued at GH¢1,895,688.00, representing 70.44% of the total value traded. These figures highlight the current preference for MTNGH and GLD amongst investors, particularly given the volatile nature of the market.

RelatedPosts

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

The Ghana Stock Exchange recorded no significant gains during the trading session, with the lack of activity potentially attributed to market uncertainty and the upcoming earnings season. However, NewGold and Scancom PLC. continue to be attractive stocks for investors, despite the challenging economic environment, as they continue to deliver strong performances.

Tags: GSEmtnMTN continue to attract investors on the GSENewGold
No Result
View All Result

Highlights

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Three SOEs Make First Dividend Payment of GHS 29.3m in 30 years

Gov’t Misses T-Bills Target by GHS 3.38bn as Investor Appetite for Debt Shifts to BoG Securities

Trending

Business

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

September 1, 2025

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana's GDP in 2024 State-Owned Enterprises (SOEs)...

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Wall Street Forecasts Oil in the $50s Next Year

September 1, 2025

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.