GSE Record 3,111% Jump in Traded Value for Thursday’s Session
The Ghana Stock Exchange (GSE) witnessed a dramatic uptick in trading activity, with share volumes climbing 923.14% to 1.2 million, compared to the previous day’s 117,266.
Total trading value surged 3111.85% to GHS 7.69 million, up from GHS 239,502.69, signaling robust market participation.
Market Highlights
- MTNGH advanced GH¢0.05 to close at GH¢2.65, while GLD plunged GH¢10.24 to end at GH¢405.96.
- CAL Bank led trading volumes, moving 571,662 shares worth GHS 217,231.56, far outpacing other active equities like MTNGH, SIC, RBGH, and GLD.
Indices and Market Capitalization
The GSE Composite Index gained 53.32 points, closing at 5,055.49 points, with its year-to-date (YTD) return improving to 3.42%.
The GSE Financial Stock Index held steady at 2,388.38 points, maintaining a YTD return of 0.32%.
Market capitalization increased by GHS 632.11 million to GHS 113.64 billion, bolstered by gains in key sectors.
Sector Overview
Banking Equities
- Ecobank Ghana (EGH) and Standard Chartered Bank (SCB) recorded no trades, maintaining share prices of GH¢6.50 and GH¢23.00, respectively. Their market capitalizations stood at GHS 2.09 billion and GHS 3.09 billion.
Mining Equities
- Asante Gold remained static at GH¢8.89 with no trading activity, preserving its GHS 4.17 billion market capitalization.
- Atlantic Lithium Ghana (ALLGH) traded 86 shares at GH¢6.12, contributing GHS 526.32 to the day’s value. Its market capitalization stands at GHS 4.24 billion.
Petroleum Equities
- GOIL traded 499 shares valued at GHS 783.43, closing at GH¢1.57 per share, with a market capitalization of GHS 613 million.
- TotalEnergies remained inactive, holding steady at GH¢13.20 and a market capitalization of GHS 1.46 billion.
Investor Sentiment
The day’s gains in the composite index and the surge in trading volume and value underscore improving investor sentiment, albeit with disparities in sectoral performance.
While MTNGH drove gains, GLD’s significant decline and static performances in banking equities reflect mixed market conditions.
The GSE continues to present opportunities for investors navigating Ghana’s economic landscape.
