GSE Composite Index experiences marginal decline, financial stocks index follow suit
The Ghana Stock Exchange (GSE) Composite Index witnessed a slight downturn, marking a 3.87-point fall in value compared to the previous week, translating to a marginal 0.11% dip.
The index closed at 3,646.54 points with its year-to-date (YTD) return standing at 16.49%.
Similarly, the GSE Financial Stock Index experienced a decline, concluding at 2037.06 points, with a YTD return of 7.13%.
Throughout the week, market movements showcased a solitary gainer in GLD, which saw an uptick of GH¢24.80 to close at GH¢335.80.
However, SOGEGH and CAL faced losses of GH¢0.03 each, resulting in market values of GH¢1.54 and GH¢0.35, respectively.
Additionally, SIC witnessed a decrease of GH¢0.01, settling at GH¢0.24.
Despite these fluctuations, the total market value of the GSE experienced a marginal increase from the previous week, concluding at GH¢79.94 billion.
The bourse saw a significant surge in total trade turnover compared to the previous week, accompanied by a similar uptick in total volumes traded.
MTNGH emerged as the most traded stock in volume terms, also topping the value traded chart.
CAL followed closely, with 49,283 shares traded, amounting to GH¢17,335.03.
SIC, ETI, and GGBL trailed behind in the trade volume ranking for the week, contributing to the dynamic trading activity observed across the exchange.
