GSE-CI Records 6.25 Points Gain Amid Decline in Trade Volume and Market Capitalization
The Ghana Stock Exchange (GSE) Composite Index rose by 6.25 points to close at 4,617.91, marking a year-to-date (YTD) return of 47.53%.
The GSE Financial Stock Index also saw an uptick, gaining 8.78 points to settle at 2,303.95 points, with a YTD return of 21.16%.
Despite the index gains, the overall market capitalization dipped by GH¢243.11 million to GH¢103.76 billion from the previous day’s figure, reflecting a broader decline in trade volume and value across the exchange.
The volume of shares traded fell by 33.44% to 471,466 shares, down from 708,324 shares in the prior session.
Correspondingly, the value of traded shares dropped sharply by 71.93%, reaching GH¢1,430,274.84 from GH¢5,094,769.21 the previous day.
CAL Bank (CAL), Ecobank Transnational Incorporated (ETI), and GCB recorded gains in share prices, although CAL saw a slight price decline amid the day’s trading.
MTN Ghana (MTNGH) dominated the trading session, leading the top five most-traded equities by volume, with 246,069 shares valued at GH¢573,340.77.
Following MTNGH in the day’s trading activity were GCB, CAL, ETI, and GOIL, although these stocks registered significantly lower trading volumes.
The decline in trade volume and market capitalization amid index gains reflects the ongoing cautious sentiment in the market, as investors selectively engage in top-performing stocks.
