GSE: Equity traded volume surge by 9,328% on Wednesday’s trading session
The benchmark index of the Ghana Stock Exchange (GSE Composite Index) held firm, recording no change as it closed at 3,744.35 points, mirroring its opening value. This steadfast performance contributed to a notable year-to-date return of 19.62%, showcasing resilience in the market.
Similarly, the GSE Financial Stocks Index maintained its equilibrium, closing unchanged at 2,037.06 points, with a consistent YTD return of 7.13%.
Despite the static indices, the exchange witnessed a lot of trading activity, with a remarkable surge in turnover. Total trade volume soared to GH¢56,302,237.92, marking a staggering increase of 9328.72%. This surge was fueled by the exchange of eighteen different equities, with a total volume traded reaching 31,330,041 units, underscoring heightened investor engagement.
Price stability prevailed throughout the trading session, as no counter recorded any significant price movement. Market capitalization remained steady at GH¢83,852.32 billion, reflecting investor confidence amidst the market’s equilibrium.
Noteworthy were the outstanding offers for key stocks such as ACCESS, MTNGH, FML, SOGEGH, and EGL, positioned at GH¢4.80, GH¢1.80, GH¢3.20, GH¢1.54, and GH¢2.39 respectively, indicating continued interest from market participants.
