GSE market cap falls by GHS 256m due to share price loss in GCB and MTNGH
Market capitalization of the GSE reduced sharply by GHS 256.41 million to close at GHS 63.84 million representing a YTD decline of -1.02%.
This is as a result of the decline in equity prices of GCB and MTNGH.
The two equities on Wednesday’s trading lost 0.76% and 1.80% respectively.
GCB and MTNGH ended trading session with stock closing prices of GHS 5.20 and GHS 1.09 respectively.
DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | YTD Change |
| MTNGH | 1.09 | 1.11 | -1.80% | -1.80% |
| GCB | 5.20 | 5.24 | -0.76% | -0.76% |
Benchmark indices GSE-CI and GSE-FSI both shed points due to the decline in the two equities.
Benchmark GSE Composite Index (GSE-CI) dropped 24.50 points on the day to close at 2,741.11 representing a YTD return of -1.73%.
The GSE Financial Stock Index (GSE-FSI) also shed 1.84 points to close trading at 2,127.91 translating into a YTD return of -1.11 % on the back of price decline in GCB as it lost four pesewas joining the growing list of decliners in 2022.
Meanwhile, a total of 2,195,395 shares valued at GHS 2,548,055.10 were traded in eight (8) equities, an increase of 113.52% and 192.74% in volumes and values traded respectively with Cal Bank recording the largest share of trades for a second day running as it accounted for 62.86% and 91.20% of the total value and total volume traded respectively.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| CAL | 2,002,147 | 1,601,717.60 |
| GCB | 178,419 | 927,830.96 |
| MTNGH | 13,656 | 14,908.86 |
| EGL | 800 | 2,400.00 |
| GOIL | 329 | 598.78 |
Peruse equity report below:
Daily Equity Market Report_02.02.2022 by Fuaad Dodoo on Scribd
