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Home Business Markets

GSE ends on a positive trajectory with Ecobank as sole gainer

5 years ago
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Trading activity on the Ghana Stock Exchange ended on a positive trajectory with the major indices advancing on their opening levels as a result of gains recorded in Ecobank Ghana.

The GSE Composite Index (GSE-CI) shored up by 1.54 points (0.08%) to end the day with its level at 1,820.22 points, recording a week-to-date gain of 0.05%, it closed with a year-to-date return of -19.36%.

The GSE Financial Stock Index also went up by 2.79 points (0.17%) and that represents a week gain 0f 0.11%, a month-to-date return of -0.47% and a year-to-date decline of 19.51%.

The worth of the GSE also went up by 0.03% to end Wednesday’s trade at GHS 53,101.83.

Five listed equities participated in midweek’s trade and that saw total volume and value increase by 229% and 243% respectively comparing it to Tuesday’s trading session as 8,292,725 shares changed hands at a market value of GHS 5,311,995.01.

MTN Ghana continues to dominate trading activity as it closed the day as the most traded equity in volume and value.

Maintaining it share quote of GHS 0.61 per share, it exchanged 7,504,476 shares at GHS 4,577,562.

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Guinness Ghana Breweries Ltd (GGBL) followed with 781,569 shares trading at GHS 0.90.

Ecobank Ghana traded the third highest volume on the market and ended the day as the sole gainer. Exchanging 5,870 shares, it added GHS 0.05 (1.00%) to its opening share price of GHS 5.00 to close at GHS 5.05 per share.

Ghana Oil Company (GOIL) and Fan Milk ltd (FML) traded 800 and 10 shares each at GHS 1.50 and GHS 1.08.

Source: Bertha Atubiga / Market Analyst
Via: norvanreports
Tags: EcobankGSEGSE-CIGSE-FIGuinness Ghanamtn
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