GSE records no gainers or losers as market capitalisation remains constant
In Monday’s trading session marked by stability, the Ghana Stock Exchange (GSE) showcased resilience with its benchmark index, the GSE-Composite Index, remaining unchanged at 3,126.05 points. This consolidating performance allowed the index to maintain an impressive year-to-date gain of 27.91%.
The Financial Stocks Index mirrored the lack of movement, closing at 1,962.63 points and preserving its year-to-date losses at -4.38%. Notably, there were no discernible fluctuations in stock prices during the trading day, underscoring the market’s composure.
The overall market capitalization held its ground at GH¢ 73.74 million, accentuating the steadfast nature of the exchange.
Trading activity witnessed a subdued demeanor, with 42,929 shares changing hands, translating into a total value of GH¢101,041.74. This marked a 75.50% decline in trading volume and a 9.07% drop in trading value compared to the previous trading session.
Fifteen stocks made an appearance on the trading floor, reflecting a broad but largely inactive marketplace. Notably, ACCESS emerged as the most active stock, with a substantial 17,837 shares traded. This was closely followed by MTNGH, where 10,952 shares changed hands, carrying a transaction value of GH¢15,113.76. Completing the top five traded stocks were ETI, MTNGH, and ETI.
In summary, the Ghana Stock Exchange experienced a subdued session with no notable price movements. While the GSE-Composite Index displayed impressive year-to-date growth, the Financial Stocks Index grappled with sustained losses. Investors remained cautious, and the overall market witnessed a decline in both trading volume and value.
