GSE benchmark index dips by 12.17 points; YTD returns contract to 26.97%
The Ghana Stock Exchange (GSE) encountered a notable setback as its benchmark index, the GSE-Composite Index, registered a decline of 12.17 points, ultimately settling at a closing mark of 3,115.25 points.
This downward shift underscores a substantial year-to-date (YTD) contraction of 26.97%. In parallel, the Financial Stocks Index maintained a consistent stance for the third consecutive trading day, culminating at 1,723.78 points and revealing a YTD return of -16.02%.
Market Landscape and Performance Dynamics
Trading activity on the day yielded no gainers, while Scancom PLC. (MTNGH) grappled with a GH¢0.01 decline, echoing the preceding day’s trajectory and concluding the session at GH¢1.53.
Consequently, the total market capitalization experienced a diminution of GH¢132.36 million, ultimately settling at a closure of GH¢73.45 billion.
Trading Volume and Noteworthy Movements
Market activity transpired across eighteen (18) equities, witnessing a turnover of 39,512 shares, equivalent to a cumulative valuation of GH¢65,927.18. Evidently, Scancom Plc. (MTNGH) continued to wield dominance over the volume chart for the fifth successive trading day. The equity accounted for a remarkable 54.81% of the total value traded, engaging in transactions encompassing 23,524 shares valued at GH¢36,096.96.
Meanwhile, Ecobank Transnational Inc. (ETI) captured the second slot, trading 6,628 shares at a value of GH¢994.20. On a divergent note, Benso Oil Palm Plantation (BOPP) experienced relatively subdued trading activity among the top-ranking equities, contributing a transactional value of GH¢18,452.00.
