• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GSE benchmark index witnesses modest decline as stock market struggles with negative returns

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
GSE

GSE

110
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GSE benchmark index witnesses modest decline as stock market struggles with negative returns

The Ghana Stock Exchange (GSE) experienced a slight setback as the benchmark index, the GSE-Composite Index, lost 0.19 points, closing at 2,514.99 points. This decline represents a year-to-date (YTD) return of 2.91%, reflecting the ongoing challenges faced by investors in the Ghanaian market. Furthermore, the GSE Financial Stocks Index also recorded a decline of 0.34 points, ending the trading day at 1,675.78 points, marking a YTD return of -18.36%.

In a rather lackluster trading session, there were no gainers to be found among the listed equities on this particular day. SIC Insurance Company Ltd. (SIC) emerged as the sole decliner, experiencing a marginal drop of GH¢0.01 to close at GH¢0.23. The lack of positive movement in the market has contributed to a sense of caution among investors, dampening overall market sentiment.

The decline in the market’s benchmark index and the performance of SIC Insurance Company Ltd. had a notable impact on the market capitalization, which dropped by GH¢1.96 million, settling at GH¢65.92 billion. This decline further highlights the prevailing uncertainties and challenges faced by market participants, underscoring the need for a cautious approach to investing in Ghana’s stock market.

Trading activity remained relatively subdued, with a total of 26,127 shares being traded across fifteen (15) equities. These shares were valued at GH¢17,394.17, indicating the cautious approach adopted by market participants amid the prevailing market conditions.

SIC Insurance Company Ltd. (SIC) stood out as the most actively traded stock, accounting for 8,938 shares valued at GH¢2,060.06. This volume represented 11.84% of the total value traded, indicating investors’ focus on the company’s stock despite its decline. Following closely behind was Ecobank Transnational Inc. (ETI), which traded 7,408 shares valued at GH¢1,111.20, constituting 6.38% of the total value traded. Scancom Plc. (MTNGH) also attracted some attention, with 6,204 shares traded and a value of GH¢6,762.36, accounting for 38.88% of the total value traded.

The prevailing market conditions reflect the cautious sentiment among investors, driven by factors such as the broader economic landscape, regulatory developments, and company-specific issues. While the Ghanaian market has faced headwinds in recent times, market participants remain vigilant and hopeful for a turnaround in the future.

RelatedPosts

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

It is worth noting that the performance of the Ghana Stock Exchange is influenced by a range of factors, including domestic economic conditions, global market trends, and investor sentiment. As market participants closely monitor these dynamics, they will be keen to identify potential opportunities amidst the prevailing challenges.

The decline in the benchmark index and the lack of gainers in the market highlight the importance of careful analysis, risk management, and diversified investment strategies for market participants. As the market navigates these uncertain times, investors will closely follow developments in the hope of identifying potential catalysts for a positive turnaround.

The Ghana Stock Exchange experienced a modest decline in its benchmark index, as the market struggled with negative returns. The performance of SIC Insurance Company Ltd. and the subdued trading activity reflect the cautious sentiment prevailing among market participants. As investors remain vigilant and assess the evolving market conditions, they will continue to seek opportunities to navigate the challenges and position themselves for potential future growth.

Tags: GSEGSE benchmark index witnesses modest decline as stock market struggles with negative returnsGSE-CIGSE-FSInegative returns
No Result
View All Result

Highlights

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Trending

Features

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

August 23, 2025

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul In the heart of West...

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.