GCB Drives GSE-CI Down by 2.13 Points as Market Capitalisation Drops by GHS 11.42m
The Ghana Stock Exchange Composite Index (GSE-CI) recorded a marginal decline of 2.13 points on Tuesday, July 2, closing the session at 6,246.35 points. This reduced the benchmark index’s year-to-date (YTD) return slightly to 27.78%.
The dip in the main index was primarily influenced by a price decline in GCB Bank, which shed GHS0.10 to close at GHS9.90, making it the sole price mover of the session.
Similarly, the GSE Financial Stock Index also posted a loss, dropping 2.99 points to settle at 3,373.02 points, with a YTD return of 41.68%.
Market capitalisation fell by GHS11.42 million to GHS137.27 billion, reflecting the impact of the dip in GCB’s share price.
Trading activity was subdued, with total volumes declining by 76.84% from the previous session. A total of 1,377,527 shares were exchanged across 12 counters, amounting to a turnover of GHS5,018,531.42.
Enterprise Group Limited (EGL) emerged as the most actively traded stock, recording 1,046,024 shares traded at a value of GHS2,981,168.40. Other equities that featured on the top five traded stocks list included GCB Bank, MTN Ghana (MTNGH), SIC Insurance Company (SIC), and Ecobank Transnational Incorporated (ETI), in descending order of volume traded.
