• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GSE: Market capitalization rises by GHS 714m; trading volume and value decline

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
GSE

GSE

89
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GSE: Market capitalization rises by GHS 714m; trading volume and value decline

The Ghana Stock Exchange (GSE) saw a mixed performance on the trading day in question, with the benchmark GSE-Composite Index gaining 66.46 points to close at 2,672.51 points, representing a year-to-date (YTD) change of 9.35%. However, the GSE Financial Stocks Index lost 11.08 points to close at 1,873.79 points, representing a YTD return of -8.71%.

Despite this disparity, several individual stocks performed well, with Scancom PLC. (MTNGH), Unilever Ghana PLC. (UNIL), and NewGold (GLD) all seeing gains in their share prices. Scancom PLC saw a modest increase of GH¢0.06, while Unilever Ghana PLC gained GH¢0.32, and NewGold rose by a notable GH¢7.25 to close at GH¢1.16, GH¢3.60, and GH¢236.28 per share respectively. However, Societe Generale Ghana PLC. (SOGEGH) saw a decline of GH¢0.09 to close at GH¢0.81.

Overall, the market capitalization of the exchange rose by GH¢714.63 million to GH¢67.03 billion, representing a YTD change of 3.91%. This suggests a generally positive outlook for investors, although individual stock performances continue to vary.

Despite the gains in market capitalization, trading volume and value both declined significantly compared to the previous trading session, with only 134,929 shares valued at GH¢202,876.61 traded across nineteen counters. This represents a decline of 93.63% in trading volume and a 93.69% decline in trading value, highlighting the relatively muted nature of the day’s trading.

Notably, transactions in GOIL PLC. (GOIL) topped the trading chart, with 93,543 shares valued at GH¢153,410.52 representing 75.62% of total value traded. This was followed by Cal Bank PLC (CAL), trading 25,864 shares valued at GH¢12,932.00 representing 6.37% of total value traded. However, both of these stocks saw comparatively low levels of activity, emphasizing the subdued nature of the day’s trading.

As ever, it is important for investors to remain cautious and consult with their own investment advisors before making any investment decisions. The disclaimer from SIC Brokerage, included at the end of the passage, underlines this point, highlighting the risks involved in investing and the need for thorough research and due diligence. In a context where trading volumes and values remain muted, investors should remain vigilant and take a measured approach to investing in the Ghanaian market.

RelatedPosts

Chamber of Agribusiness Calls for Sector-Wide Price Cuts and Urgent Government Support to Curb Food Crisis

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

Tags: GSEGSE: Market capitalization rises by GHS 714m; trading volume and value decline
No Result
View All Result

Highlights

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

BoG Raises GHS 15.38 Billion via 56-Day Bills to Reinforce Tight Monetary Policy Stance

Passage of Competition Law Key to Tackling DSTV’s Market Dominance – CUTS International

Why Are Interest Rates Still High? The MPR vs Market Rates Debate

Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Trending

Agribusiness

Chamber of Agribusiness Calls for Sector-Wide Price Cuts and Urgent Government Support to Curb Food Crisis

August 4, 2025

Chamber of Agribusiness Calls for Sector-Wide Price Cuts and Urgent Government Support to Curb Food Crisis The...

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

August 4, 2025

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

August 4, 2025

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

August 4, 2025

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.