GSE Trades 280.4 Million Shares Valued at GHS567 Million in September, Marking Over 500% Surge in Value
The Ghana Stock Exchange saw a dramatic rise in market activity for September 2024, with trading volumes and values surging by 386.31% and 557.51%, respectively, compared to the same period last year.
A total of 280.4 million shares, valued at GHS566.98 million, exchanged hands. MTN Ghana continued its dominance, accounting for 98.98% of the total value traded during the month.
Year-to-date, the GSE has traded 933.2 million shares, worth GHS1.85 billion, representing a 126.17% rise in volume and a staggering 230.38% increase in value over the 2023 figures.
The GSE Composite Index (GSE-CI) recorded a modest increase of 0.22%, closing at 4,369.44 points, bringing the YTD return to 39.59%.
Meanwhile, the GSE Financial Stock Index (GSE-FSI) posted a more substantial 3.41% rise, with its YTD gain standing at 15.19%.
Top performers for September included Enterprise Group (EGL) with a 20.61% gain, Ecobank Transnational (ETI) up 13.33%, Standard Chartered Bank (SCB) with a 9.95% rise and Republic Bank Ghana (RBGH) which climbed 9.09%.
Other gainers included NewGold ETF (GLD), Unilever Ghana (UNIL), TotalEnergies (TOTAL), GCB Bank (GCB), and Benso Oil Palm Plantation (BOPP).
On the losing side, MTN Ghana saw a marginal drop of 0.91%, while Societe Generale (SOGEGH) fell 3.23%, Guinness Ghana Breweries (GGBL) declined by 8.91%, CAL Bank dropped 9.68%, and Access Bank Ghana (ACCESS) took the hardest hit, falling by 10%.
