GSE Market Cap Rises by GHS 207 Million Despite 80% Drop in Trade Volume
The Ghana Stock Exchange (GSE) witnessed a GHS 207.10 million rise in its overall market capitalization, closing at GHS 135.62 billion at the end of the latest trading session, despite a significant decline in market activity.
Volume of shares traded fell sharply by 80.39% to 885,171 shares, translating into a total trade value of GHS 6,152,033.04. The steep drop in trade volumes, however, did little to derail gains in the broader market indices.
Ecobank Transnational Incorporated (ETI) emerged as the sole gainer of the session, advancing by GH¢0.01 to close at GH¢0.88. On the flip side, CAL Bank and TotalEnergies Marketing Ghana recorded price declines, closing at GH¢0.65 and GH¢24.51 respectively.
MTN Ghana (MTNGH) led the top five most traded equities, registering a total of 707,750 shares valued at GHS 2,123,250.00. Rounding up the list of top-traded stocks were TOTAL, CAL, ETI, and GOIL, in that order.
The benchmark GSE Composite Index advanced by 3.36 points to close at 6,065.10 points, bringing its year-to-date (YTD) return to 24.07%. The Financial Stock Index also saw an uptick of 4.84 points to settle at 3,099.34 points, reflecting a YTD return of 30.18%.
The market continues to show resilience amid fluctuations in trading activity, supported by gains in key financial and telecom stocks.
