GSE Market Capitalization Declines by GHS 233.37m as Trading Activity Slows
The Ghana Stock Exchange (GSE) recorded a significant drop in market capitalization, shedding GHS233.37 million to close at GHS133.09 billion.
This decline was accompanied by a sharp reduction in market activity, as the volume of shares traded fell by 50.20% to 557,827 shares, culminating in a total trade value of GHS985,325.66.
Leading the gainers for the session was Enterprise Group Limited (EGL), which advanced by GH¢0.20 to settle at GH¢2.25.
However, MTN Ghana (MTNGH) and CAL Bank (CAL) both recorded losses, with their share prices dipping to GH¢0.79 and GH¢3.17, respectively.
In terms of trading volume, CAL Bank emerged as the most actively traded equity, with 251,846 shares changing hands at a total value of GHS199,692.66.
Other heavily traded stocks included MTNGH, Ecobank Transnational Incorporated (ETI), EGL, and Ghana Commercial Bank (GMCB), in that order.
The broader market performance reflected the decline, as the GSE Composite Index (GSE-CI) fell by 18.81 points to close at 6,043.39 points, trimming its year-to-date (YTD) return to 23.62%.
On the other hand, the GSE Financial Stock Index (GSE-FSI) bucked the trend, rising by 3.54 points to 2,898.18 points, with a YTD return of 21.73%.
