Ghana Stock Exchange: Equity market witnesses subdued trading activity for the week
In a week marked by subdued trading activity, the equity market of the Ghana Stock Exchange last week witnessed a notable decline in both trading volume and turnover. Total shares traded amounted to 733,867 shares, a stark contrast to the 7,914,042 shares traded in the preceding week. Similarly, total turnover slumped to GH¢871,017.85 compared to GH¢10,114,734.63 previously.
Amidst the varied performances of listed equities, GLD and ACCESS emerged as frontrunners, earning GH¢0.6.10 and GH¢0.35, respectively. Conversely, ETI experienced a slight setback, losing GH¢0.01. Noteworthy gains were also recorded by FML and DASPHARMA, both earning GH¢0.05.
Market sentiment reflected in the total market capitalization, which dipped by GH¢152.06 million, closing the week at GH¢74.61 billion.
In terms of trading activity, MTNGH dominated the market with a traded volume of 238,024 shares, valued at GH¢377,007.60. Other significant trades occurred within the finance and distribution sectors, with Societe Generale Ghana PLC. (SOGEGH), GOIL, and ETI ranking among the top five traded equities for the week.
The GSE-CI concluded the week at 3,185.18 points, down 0.39 points week-on-week, while the GSE-FSI closed at 1,922.90 points, marking a 2.49-point decline from its opening level. Despite these fluctuations, the year-to-date gains for GSE-CI and GSE-FSI stood at 1.76% and 1.12%, respectively.
