Ghana Stock Exchange sees steady performance amidst a stable trading day
The Ghana Stock Exchange (GSE) experienced a day of stability as the benchmark index, the GSE-Composite Index, maintained its position at 2,862.27 points.
This lack of movement, however, did not deter investors, as the index showcased an impressive year-to-date (YTD) return of 17.12%. The Financial Stocks Index also remained unchanged, closing at 1,687.49 points and revealing a YTD return of -17.79%.
The trading session witnessed no fluctuations in stock prices, leaving investors to observe the market without any dramatic shifts. Consequently, the total market capitalization mirrored this stability, closing the day at GH¢70.84 billion, showcasing no change from the previous session.
Amidst this calm trading environment, a total volume of 25,939 shares were exchanged, amounting to a total value of GH¢17,096.19. These trades encompassed thirteen equities, with Cal Bank PLC. (CAL) emerging as the leader in terms of volume.
CAL recorded a substantial volume of 9,324 shares, valued at GH¢5,594.40, accounting for an impressive 32.72% of the total value traded. Following closely behind was Ecobank Transnational Inc. (ETI), which traded 3,711 shares valued at GH¢556.65, constituting 3.26% of the total value traded.
While the lack of price movements may have raised some eyebrows, investors and market participants found solace in the positive YTD returns of the benchmark index. Ghana’s stock market continues to demonstrate resilience, attracting both domestic and international investors.
