GLD Emerges Sole Gainer on GSE Closing at GHS 399 as GSE Records Over GHS 12 Million in Monday’s Trading Activity
The Ghana Stock Exchange (GSE) recorded notable activity during Monday’s trading session, January 6, 2025, with NewGold ETF (GLD) emerging as the sole gainer.
The equity experienced a price surge of GHS 7.90, closing at GHS 399.80 and set to open Tuesday’s session at the same price.
Market Overview
- Equity Gainers: NewGold ETF (GLD)
- No Losers: The session concluded with no equity recording losses.
- Key Traded Equities: MTNGH, CAL, GLD, DASPHARMA, and ADB.
Trading Highlights
- CAL Bank: Traded the highest volumes with 84,352 shares, valued at GHS 31,210.24.
- MTNGH: Recorded a trading volume of 67,103 shares, amounting to GHS 167,757.50.
- NewGold ETF (GLD): Witnessed a significant trading value of GHS 11,846,473.90 with 29,631 shares traded.
- DASPHARMA: Traded 552 shares worth GHS 209.76.
- ADB: Traded 502 shares, generating GHS 2,540.12 in value.
The total trading volume for the day was 184,194 shares, with a cumulative value of GHS 12,054,405.58, representing a sharp increase from the previous week’s trading figures of 704,976 shares valued at GHS 1,714,270.40.
Market Indices
- GSE Composite Index: Closed at 4,890.27 points, unchanged from the day’s opening, with a Year-To-Date (YTD) return of 0.04%.
- GSE Financial Stock Index: Remained static at 2,383.24 points, reflecting a YTD return of 0.10%.
- Market Capitalization: Marginally increased to GHS 111.36 billion, up by GHS 22.91 million.
Sectoral Updates
Mining Equities
- AngloGold Ashanti: Maintained a steady share price of GHS 37 due to zero trading activity. The company’s market capitalization remains at GHS 18.5 billion with 502 million issued shares.
- Atlantic Lithium Ghana (ALLGH): Traded 125 shares at GHS 6.12, amounting to a total value of GHS 765. The equity starts Tuesday’s session at the same price, with a market capitalization of GHS 4.24 billion from 693 million issued shares.
Banking Equities
- GCB Bank: Recorded 21 shares traded, valued at GHS 133.98, maintaining a share price of GHS 6.37. The bank’s market capitalization stands at GHS 1.68 billion from 265 million issued shares.
- Republic Bank Ghana: Saw 468 shares traded at GHS 0.66, valued at GHS 308.88. The bank’s market capitalization is GHS 562 million, with 851 million issued shares.
Petroleum Equities
- Tullow Oil Ghana: Traded 73 shares at GHS 11.92, generating a value of GHS 870.16. The equity’s market capitalization stands at GHS 17.38 billion with 1.45 billion issued shares.
- TotalEnergies Ghana: Recorded no trading activity, closing Monday with a share price of GHS 13.20 and a market capitalization of GHS 1.46 billion from 111 million issued shares.
Outlook for Tuesday
The market resumes trading with significant activity anticipated in key sectors, particularly in equities like NewGold ETF, MTNGH, and CAL Bank, which dominated Monday’s session. Investors will keep an eye on outcomes and evolving market trends impacting specific equities.
