GSE sees mixed trading day with gains for benchmark index
On Thursday, the Ghana Stock Exchange (GSE) witnessed a mixed trading day with the benchmark index, GSE-Composite Index, gaining 44.99 points to close at 2,717.50 points, representing a noteworthy 11.20% year-to-date (YTD) change. However, the GSE Financial Stocks Index was not so fortunate, losing 9.84 points to close at 1,863.95 points, representing a YTD return of -9.19%.
Among the notable gainers on the trading day were Scancom PLC. (MTNGH), which gained GH¢0.04 and Total Energies Marketing Ghana PLC. (TOTAL), which gained GH¢0.31 to close at GH¢1.20 and GH¢6.36 per share, respectively. Meanwhile, Societe Generale Ghana PLC. (SOGEGH) was the lone decliner, losing GH¢0.08 to close at GH¢0.73.
In terms of market capitalization, it rose by a significant GH¢469.57 million to end the trading day at GH¢67.50 billion, which represents a YTD change of 4.63%. The trading day saw a total of 1,951,413 shares valued at GH¢2,495,874.40 traded across nine (9) counters, with the total volume traded increasing by 1346.25% and the total value traded also increasing by 1130.24% compared to the previous trading session.
Notably, transactions in Scancom PLC. (MTNGH) topped the trading chart with 1,914,765 shares valued at GH¢2,296,063.00, representing a noteworthy 92.00% of total value traded. This was followed by Total Energies Marketing Ghana Plc. (TOTAL), trading 30,032 shares valued at GH¢190,976.80, representing 7.65% of total value traded.
The trading day’s mixed performance can be attributed to a number of factors, including investors’ cautious optimism in the wake of the COVID-19 pandemic and its ongoing impact on global markets. While the GSE-Composite Index’s gain is certainly noteworthy, the losses seen in the GSE Financial Stocks Index demonstrate that there is still some degree of uncertainty in the market.
Looking ahead, it will be interesting to see how the Ghana Stock Exchange continues to perform in the coming days and weeks, particularly as the global economy continues to recover from the impact of the COVID-19 pandemic. Investors will no doubt be keeping a close eye on the performance of the various listed companies, as well as broader economic indicators, to inform their investment strategies and decisions.
