GSE Composite Index Holds Steady as Market Activity Declines
The Ghana Stock Exchange (GSE) Composite Index remained unchanged at 6,154.92 points, maintaining its Year-To-Date (YTD) return at 25.91%. Similarly, the Financial Stock Index closed the day at 3,029.04 points, reflecting a 27.23% YTD return.
Despite no movement in the major indices, the overall market capitalization edged up by GHS 87,000 to settle at GHS 136.20 billion.
Market Activity Declines
Trading activity on the market saw a significant drop, with the volume of shares traded declining by 59.50% to 303,239 shares. This resulted in a total trade value of GHS 607,260.79.
Gold-backed Exchange-Traded Fund GLD was the only price mover for the session, gaining GH¢0.03 to close at GH¢452.25.
Top Five Traded Equities
MTN Ghana (MTNGH) led trading volumes, exchanging 140,993 shares valued at GHS 446,442.95. Other actively traded stocks included Ecobank Transnational Incorporated (ETI), CAL Bank (CAL), TotalEnergies Marketing Ghana (TOTAL) and Aluworks Ghana (ALLGH).
With no broad-based movement in equities, investors appear to be treading cautiously, awaiting catalysts that could drive market momentum in the sessions ahead.
