Ghana Stock Exchange Records 0.35% Decline as GSE-CI Slips to 4,364 points
The Ghana Stock Exchange (GSE) witnessed a modest retreat this week as the GSE Composite Index (GSE-CI) edged down 0.35%, closing at 4,364.83 points from last week’s 4,380.10 points.
This marks a sharper decline compared to the marginal 0.04% slip recorded in the prior period, pulling the year-to-date (YTD) return slightly lower to 39.44%.
In contrast, the GSE Financial Stock Index (GSE-FSI) posted a modest gain of 0.39%, rising from 2,190.37 points to 2,198.88 points.
Although slower than the previous week’s growth of 1.70%, the increase helped the YTD return of the financial index climb to 15.63% from 15.19%.
Market capitalization of the GSE also recorded a marginal contraction, slipping to GH¢99.20 billion from GH¢99.23 billion last week, amid reduced trading volume and turnover.
Ecobank Transnational Incorporated (ETI) was the sole gainer, closing at GH¢0.18, while heavyweights MTN Ghana (MTNGH) and NewGold ETF (GLD) experienced declines.
MTNGH fell to GH¢3.38, and GLD dipped by GH¢0.02 to end at GH¢403.22.
MTNGH maintained its lead as the most traded stock with 4.17 million shares exchanging hands, generating a total value of GH¢9.05 million. ACCESS Bank followed with 247,903 shares, valued at GH¢1.07 million.
