GSE Composite Index Drops 32 Points, Market Capitalization Shrinks by GHS 430.53 Million
The Ghana Stock Exchange (GSE) Composite Index (GSE-CI) recorded a loss of 32 points, closing at 4,706.49 points on Monday. This decline pushed the index’s Year-To-Date (YTD) return to 50.36%.
Meanwhile, the GSE Financial Stock Index (GSE-FSI) remained unchanged at 2,368.17 points, maintaining its YTD return at 24.54%.
The overall market capitalization experienced a significant reduction, closing at GH¢108.79 billion – down by GH¢430.53 million from the previous session.
Trade Activity
Trade volumes on the exchange saw a drastic drop, with the number of shares traded falling by 97.34% to 404,433 shares compared to the prior session’s 15,213,036 shares.
Similarly, the total value traded declined by 50.07%, amounting to GH¢2,864,595.19 from GH¢5,737,053.96 in the previous session.
MTN Ghana (MTNGH) and NewGold (GLD) stocks both recorded declines in their share prices, closing at GH¢2.37 and GH¢377.06, respectively.
Top Traded Equities
MTNGH dominated trade activity with 384,799 shares valued at GH¢912,615.99, representing the highest volume traded on the day.
Other equities in the top five traded list included Société Générale Ghana (SOGEGH), NewGold (GLD), Clydestone (CLYD), and CalBank (CAL). However, the trading volumes of these stocks were significantly lower compared to MTNGH.
The trading session reflected a subdued market performance, with a steep decline in both trade volume and value, coupled with reduced market capitalization. Investors are likely to monitor developments closely as market trends unfold.
