Ghana Stock Exchange Sees 10.72% YTD Growth Despite Drop in Trade Volume
The Ghana Stock Exchange (GSE) Composite Index closed 43.11 points higher at 5,412.62 points, bringing its Year-To-Date (YTD) return to 10.72%.
The GSE Financial Stock Index also advanced, rising 45.55 points to settle at 2,638.29 points, with a 10.82% YTD return.
Despite the market’s upward movement, overall market capitalization declined by GHS 1,365.86 million to GHS 121.96 billion.
Trade Activity Declines
Trading activity slowed significantly, with the total volume of shares traded plunging by 82.51% to 199,085 shares, compared to the previous day’s 1,138,499 shares.
The total value of transactions also fell 27.10%, amounting to GHS 5,736,230.31, down from GHS 7,868,959.53.
Top Gainers and Most Traded Equities
Gold-backed ETF GLD led the gainers, appreciating by GHS 1.17 to close at GHS 434.17.
Among the most actively traded stocks, Enterprise Group Limited (EGL) led with 68,300 shares traded, valued at GHS 140,015.00.
Ecobank Transnational Incorporated (ETI), CAL Bank (CAL), MTN Ghana (MTNGH), and GLD followed, though with significantly lower trading volumes.
