GSE Composite Index Drops as MTN Ghana Records Highest Dip of the Year
The Ghana Stock Exchange (GSE) saw a decline in its benchmark index on Tuesday, as the GSE Composite Index (GSE-CI) dropped 62.32 points to close at 6,063.76 points, bringing its Year-To-Date (YTD) return to 24.04%.
Meanwhile, the Financial Stock Index (GSE-FSI) gained 17.29 points to settle at 3,053.11 points, reflecting a 28.24% YTD return.
GSE’s Market capitalization fell by GHS 768.69 million to GHS 135.07 billion, as overall trading activity witnessed a sharp decline. The total volume of shares traded dropped 91.68% to 479,987 shares, with a corresponding trade value of GHS 1,738,926.35.
Notably, ACCESS, Ecobank Transnational Incorporated (ETI), Enterprise Group Limited (EGL), and NewGold ETF (GLD) recorded gains. However, MTN Ghana (MTNGH) posted its steepest decline of the year, losing GHS 0.07 to close at GHS 3.05.
Despite the dip, MTNGH remained the most actively traded stock, with 357,856 shares valued at GHS 1,092,429.14. Other top traded equities included CAL Bank (CAL), ETI, Clydestone Ghana (CLYD), and EGL.
