GSE-CI records second fall of the week to close at 3,456 points; YTD returns decline further to 10.41%
In Wednesday’s trading session, the benchmark index of the Ghana Stock Exchange (GSE-Composite Index) experienced a decline, shedding 20.25 points to close at 3,456.20 points.
This drop has led to a decrease in year-to-date (YTD) returns to 10.41%.
However, amidst this general downturn, the GSE Financial Stocks Index bucked the trend, closing higher at 2,001.47 points, thereby advancing its YTD return to 5.25%.
Access Bank’s stock witnessed a gain of GH¢0.40, closing at GH¢4.45. GLD, another notable stock, saw a significant increase of GH¢15.12, closing at GH¢292.62.
On the flip side, MTNGH and CAL experienced declines, with MTNGH shedding GH¢0.02 to close at GH¢1.58, and CAL dropping GH¢0.04 to end the day at GH¢0.42.
The total market capitalization of the bourse experienced a decline, falling to GH¢77,688.44 billion.
Wednesday’s trading session recorded a substantial increase in turnover, reaching GH¢9,079,469.02 and marking a notable uptick of 185.33% compared to previous sessions. This increased activity was observed across ten different equities.
Moreover, the total volume traded surged to 1,985,860 shares, indicating a remarkable increase of 323.27% compared to previous trading sessions.
There were outstanding offers for MTNGH, GGBL, CAL, and UNIL at GH¢1.58, GH¢4.44, GH¢0.42, and GH¢12.00 respectively.
Overall, Wednesday’s trading session on the Ghana Stock Exchange displayed a mix of movements, with notable gains in some stocks contrasting with declines in others, reflecting the dynamic nature of the market.
