GSE Ends Flat as Trading Volume Slumps Over 67%; Turnover by 84%
The Ghana Stock Exchange’s benchmark index was unmoved on Thursday, closing at 6,245.66 points, as investors showed limited appetite for equities.
The GSE Composite Index held its ground with a year-to-date return of 27.76%, while the GSE Financial Stock Index remained flat at 3,371.40 points, reflecting a stronger YTD performance of 41.61%.
Market capitalisation inched up marginally by GH¢0.31 million to settle at GH¢137.27 billion. However, trading volumes fell sharply, underscoring fragile investor sentiment.
Only 225,170 shares exchanged hands, representing a 67.13% drop compared with the previous session. Total turnover declined by an even steeper 84.98%, closing at GH¢646,933.
Precious metals-backed ETF GLD was the sole gainer for the session, rising GH¢0.09 to close at GH¢353.88, though the stock remains down 9.38% year-to-date.
MTN Ghana (MTNGH) led trading activity, recording 136,810 shares valued at GH¢400,853.30. Ecobank Transnational Incorporated (ETI), CAL Bank, Unilever Ghana (UNIL), and Atlantic Lithium Ghana (ALLGH) rounded out the day’s most active stocks by volume.
Despite the broader market’s pause, analysts say the GSE’s resilient YTD performance particularly the financial stock index, may continue to support investor confidence in the medium term, especially with dividend payouts from several blue-chip companies scheduled in the coming weeks.
