Stock Market Retreats as GSE-CI Sheds 25.37 Points; Market Cap Drops to GH¢134.17 Billion
The GSE benchmark equity index fell on Tuesday with the Ghana Stock Exchange Composite Index (GSE-CI) losing 25.37 points to close at 6,012.29. This marked a 0.42% decline from the previous session, trimming the index’s year-to-date (YTD) return to 22.99%.
The GSE Financial Stock Index (GSE-FSI), however, posted a marginal rise of 22.12 points to settle at 3,244.81, standing at a 36.29% gain on a year-to-date basis.
Total market capitalization dipped to GHS134.17 billion from GHS134.82 billion, amid subdued investor appetite. Nevertheless, trading activity surged, with a total of 1,927,636 shares exchanged—representing a sharp 359.27% increase from the previous day’s tally.
The value of shares traded climbed to GHS5.1 million, up 243.30% from GHS1.49 million previously.
Telecoms giant MTN Ghana (MTNGH) dominated market activity, accounting for over 88% of the total market value traded. The stock saw 1.6 million shares change hands, generating a value of GHS4.53 million.
Other active counters included CAL Bank (CAL), Ecobank Transnational Incorporated (ETI), Ghana Oil Company (GOIL), and GCB Bank (GCB), though their combined value traded was dwarfed by MTN’s.
Access Bank Ghana (ACCESS) was the standout performer, gaining GHS0.92 to close at GHS13.12, translating to a 152.31% YTD gain. SIC Insurance (SIC) also posted strong gains, adding GHS0.03 to close at GHS1.04, up 285.19% YTD. BOPP, FML, and GCB also posted marginal gains.
On the downside, Ecobank Transnational Inc. (ETI) dipped by 0.02 pesewas to GH¢0.85 despite a YTD return of 174.19%, while MTN Ghana and CAL Bank lost 0.05 and 0.01 pesewas respectively.
