Ghana Stock Exchange Logs Modest Gains Amid Tepid Trading Activity
Last week, the Ghana Stock Exchange (GSE) saw the Composite Index (GSE-CI) edge up slightly, closing at 4,369.03 points from a prior 4,347.47 points – a 0.5% weekly gain – bringing its YTD return to an impressive 39.58%.
Meanwhile, the Financial Stock Index (GSE-FSI) moved up 0.54% to close at 2,215.22 points, pushing its YTD return to 16.49%.
Market Cap Steady, Turnover Slumps
Market capitalization of the GSE remained stable at GH¢99,493.22 million, reflecting no week-on-week movement.
However, trading volumes and turnover told a different story with the number of shares traded decreased by 44.9% from the previous week, while overall turnover plunged by 785.83%, signaling a slowdown in liquidity.
Performance Highlights
Among the top performers, GLD surged to GH¢427.96, while FML and RBGH closed at GH¢3.70 and GH¢0.66, respectively.
In contrast, ALLGH and CAL slipped to GH¢6.14 and GH¢0.26, respectively.
CAL Dominates Trading Volumes Despite Price Drop
CAL Bank led trading activity with 490,435 shares, valued at GH¢127,595.19. RBGH saw the least activity among the top five, trading 18,342 shares worth GH¢12,105.72.
Despite gains in index performance, subdued trading volumes and a significant turnover decline highlight cautious sentiment among investors.
