GSE records mixed activity with gains, losses seen across various indices and stocks
The Ghana Stock Exchange has experienced a mixed week of activity, with both gains and losses recorded across various indices and stocks. The GSE-Composite Index, for example, saw a significant decline of 44.75%, while the GSE-Financial Stocks Index fell by a smaller 0.60% compared to the previous week.
These results bring the year-to-date performance for both indexes to -1.21% and -3.37%, respectively, indicating a difficult start to the year for investors.
Despite these declines, there were some positive signs in the market. The market capitalization increased by 0.39% from the previous week to reach GH¢64.35 billion. This suggests that while some stocks may be struggling, there are also opportunities for growth and investment in other areas.
In terms of individual equities, a total of 21 stocks traded during the week, with some performing well and others experiencing losses. TOTAL, UNIL, and MTNGH were among the stocks that recorded gains, with increases of GH¢0.44, GH¢0.20, and GH¢0.02, respectively.
However, these gains were somewhat moderated by losses suffered by ACCESS and GGBL, which fell by GH¢0.01 and GH¢0.18, respectively.
capitalization also increased by 0.39% from the previous week,to close at GH¢64.35billion.
This week, a total of twenty-one (21) equities traded with gains of GH¢0.44, GH¢0.20and GH¢0.02 recorded by TOTAL, UNIL and MTNGH
GAINER & DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Price Change | Y-t-D Change |
| TOTAL | 4.57 | 4.13 | 0.44 | 14.25% |
| UNIL | 2.26 | 2.06 | 0.20 | -41.75% |
| MTNGH | 0.90 | 0.88 | 0.02 | 2.27% |
| ACCESS | 4.00 | 4.01 | -0.01 | -0.25% |
| GGBL | 1.68 | 1.86 | -0.18 | -18.05% |
The volume and value of shares traded during the week also decreased compared to the previous week, with decreases of 37.73% and 52.37%, respectively. Despite these declines, GGBL was responsible for a significant portion of the week’s value traded, with shares valued at GH¢1,680,149.40, representing 82.96% of the week’s value traded.
Overall, it appears that the Ghana Stock Exchange is experiencing a period of mixed activity, with some stocks performing well while others struggle. Investors will likely continue to monitor the market closely in the coming weeks to identify opportunities for growth and investment.
Despite some challenges, there are still reasons for optimism, with market capitalization increasing slightly and some stocks posting gains during the week.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| GGBL | 1,000,097 | 1,680,166.2 |
| UNIL | 64,234 | 145,168.84 |
| CAL | 38,439 | 19,603.89 |
| MTNGH | 31,232 | 28,096.60 |
| ACCESS | 20,003 | 80,012.00 |
