GSE Composite Index Gains Momentum With 53.33 Points Climb, YTD Return Hits 47.30%
The Ghana Stock Exchange (GSE) Composite Index climbed 53.33 points to close at 4,610.96 points on Thursday, November 7, bringing its year-to-date (YTD) return to 47.30%.
However, the GSE Financial Stock Index remained stable at 2,264.25 points, maintaining a YTD return of 19.07%.
On the back of the increase in the GSE Composite Index, market capitalization of the local bourse increased by GH¢612.71 million reaching a total of GH¢103.21 billion.
Trade Activity Declines
Trading volumes on the GSE saw a notable decline on Thursday, falling by 58.86% to 174,846 shares from the previous day’s 425,012 shares.
The total value traded also decreased by 10.96%, settling at GH¢323,336.36 compared to GH¢363,155.77 in the prior session.
Among individual stocks, MTN Ghana (MTNGH) saw a price increase to GH¢2.35, while the price of GLD dipped to GH¢427.07.
Top Five Traded Equities
CAL Bank (CAL) topped the trading activity with a volume of 163,518 shares, valued at GH¢55,596.12.
Other equities in the top five included MTNGH, UNIL, GLD, and GCB, though their volumes were significantly lower in comparison.
