GSE-CI Dips Further by 23.14 Points to Close at 5,989; Market Capitalization Sheds GHS 264 Million
The Ghana Stock Exchange (GSE) closed Thursday’s trading session in the red, as the benchmark GSE Composite Index (GSE-CI) extended its downward trajectory, shedding 23.14 points to settle at 5,989.15 points. This brings the index’s year-to-date (YTD) return to 22.51%.
The Financial Stock Index (FSI) also saw a mild decline, losing 2.56 points to close at 3,242.25 points, with its YTD return standing at a notable 36.18%.
Total market capitalization fell by GHS 264.06 million, bringing the bourse’s total valuation to GHS133.92 billion.
Despite the dip in indices, market activity surged significantly. A total of 5,759,793 shares changed hands, representing a 198.80% jump over the previous session’s volume. The surge in trading activity amounted to a total transaction value of GHS16,925,222.28.
On the price movers chart, GLD emerged as the sole gainer, rising by GH¢8.02 to close at GH¢358.88. However, CAL Bank and MTN Ghana (MTNGH) both continued on their losing paths, closing at GH¢0.55 and GH¢2.80 respectively.
MTNGH dominated trade activity with 5,654,705 shares traded, valued at GHS15,837,946.81. Completing the list of the top five traded equities for the session were Ecobank Transnational Incorporated (ETI), CAL Bank, Access Bank Ghana, and Fan Milk Limited (FML), in descending order of volume traded.
Market watchers will be closely monitoring whether Friday’s session will see a rebound or further contraction as investor sentiment remains cautious.
