GSE Composite Index Declines by 17.44 Points Amid Market Capitalization Drop
The Ghana Stock Exchange (GSE) Composite Index recorded a loss of 17.44 points, closing at 4,610.96 points, with a year-to-date (YTD) return of 47.33% on Monday.
Meanwhile, the GSE Financial Stock Index advanced by 5.45 points to 2,292.17 points, reflecting a YTD return of 20.70%.
Total market capitalization of the GSE declined by GH¢242.64 million, settling at GH¢103.52 billion compared to the previous day.
Trade activity saw a significant upturn, with traded volumes increasing by 86.26% to 708,324 shares from the previous count of 380,282 shares.
The total value traded surged by 198.35%, reaching GH¢5,094,769.21 from the prior day’s GH¢1,707,628.14.
In terms of individual stock performance, CAL Bank (CAL), Camelot Ghana (CMLT), and GCB Bank (GCB) gained, while MTN Ghana (MTNGH) and NewGold ETF (GLD) saw declines in their prices.
MTN Ghana led the trade volume rankings with 362,689 shares valued at GH¢846,331.13.
Other active stocks included CAL, GCB, GLD, and Ecobank Transnational Incorporated (ETI), though their volumes were markedly lower than MTNGH’s.
