GSE Composite Index Drops as Trade Volumes Decline by 98%
The Ghana Stock Exchange (GSE) Composite Index fell by 10.04 points to close at 4,326.74 points, reducing its Year-To-Date (YTD) return to 38.22%.
Conversely, the GSE Financial Stock Index saw a gain of 13.72 points, rising to 2,228.94 points with a YTD return of 17.22%.
The market capitalization of the GSE advanced to GH¢99.25 billion, marking a GH¢345.15 million increase from the prior trading day.
However, trading volumes dropped sharply to 37,276 shares from the previous 2,109,041 shares, with the total value traded also plunging 90.65% to GH¢4,167,185.50 from GH¢44,572,346.44.
In terms of stock performance, GLD, TOTAL, and Standard Chartered Bank (SCB) saw price increases, closing at GH¢450.19, GH¢12.85, and GH¢23.00 respectively.
MTN Ghana (MTNGH) led in trade volume, recording 16,451 shares valued at GH¢34,711.61, while other frequently traded stocks—GLD, GCB, TOTAL, and SCB—traded at significantly lower volumes.
