Ghana Stock Exchange Records 507.79% Surge in Trading Volume Despite Index Declines
The Ghana Stock Exchange (GSE) witnessed a significant downturn as the benchmark GSE Composite Index shed 54.06 points to close at 6,126.08 points, bringing its Year-To-Date (YTD) return to 25.32%.
Similarly, the GSE Financial Stock Index dropped by 1.03 points to settle at 3,035.82 points, with a YTD return of 27.51%.
Market capitalization declined by GHS 677.30 million, closing at GHS 135.84 billion. However, trading activity surged as the volume of shares traded spiked by 507.79% to reach 5,766,574 shares. This translated into a total trade value of GHS 48,884,471.93.
On the equities front, ACCESS Bank gained GH¢0.01 to close at GH¢8.27, while CAL Bank, MTN Ghana (MTNGH), and GLD recorded declines. MTNGH dominated trading activity with 5,525,660 shares exchanging hands at a total value of GHS 17,248,922.15.
Other actively traded stocks included ACCESS, GLD, Ecobank Transnational Incorporated (ETI), and CAL Bank, rounding up the top five most traded equities.
Despite the dip in indices, the sharp rise in market activity signals strong investor participation, with trading volumes and values significantly elevated compared to previous sessions.
Market watchers will closely monitor future sessions to gauge investor sentiment and the potential for a rebound.
