GSE: Market Capitalization Falls to GH¢98.96 Billion Amid Lower Trading Volumes
The Ghana Stock Exchange (GSE) saw mixed performance this week. The GSE Composite Index (GSE-CI) dropped from 4,346.83 to 4,364.70, resulting in a 1-week loss of 0.42%, a steeper decline compared to the previous week’s 0.35%. This brought the year-to-date (YTD) return down to 38.86%.
Conversely, the GSE Financial Stock Index (GSE-FSI) saw a slight rise, increasing from 2,198.88 to 2,203.38, posting a 1-week return of 0.20%, which was lower than last week’s 0.39%. The GSE-FSI’s YTD return improved from 15.63% to 15.87%.
Market capitalization at the end of the week stood at GH¢98,964.42 million, a decline from GH¢99,201.33 million the previous week. There was a lower trading volume, but turnover increased compared to the prior week.
Among individual stocks, GCB Bank performed well, closing at GH¢6.15, gaining GH¢0.15. However, MTN Ghana (MTNGH) fell by GH¢0.02 to close at GH¢2.15, and the stock for Gold (GLD) dropped significantly by GH¢3.52, closing at GH¢396.00.
MTN Ghana maintained its position as the most active stock, trading 455,586 shares valued at GH¢981,702.79. CAL Bank was at the bottom of the Top 5, with 73,269 shares traded worth GH¢20,515.32.
