GSE Composite Index Declines as Market Capitalization Slips by GHS 72.72m
The Ghana Stock Exchange (GSE) closed trading on a negative note as the benchmark GSE Composite Index shed 5.86 points to settle at 6,411.72 points, reflecting a Year-To-Date (YTD) return of 31.16%.
However, the Financial Stock Index defied the broader market trend, advancing by 6.74 points to close at 3,440.39 points with an impressive YTD gain of 44.51%.
The day’s downturn led to a GHS 72.72 million dip in market capitalization, which fell to GHS 139.34 billion.
Market activity witnessed a significant surge, with total shares traded hitting 1,845,988, despite representing a sharp 1,058.46% fall compared to the previous day’s unusually high trading volume. The total value of shares traded amounted to GHS 5,357,702.57.
On the price performance chart, Republic Bank Ghana (RGBH) gained GH¢0.07 to close at GH¢0.79, while telecom giant MTN Ghana (MTNGH) lost GH¢0.01, also closing at GH¢0.79.
MTNGH topped the trading activity for the day, exchanging 1,679,403 shares valued at GH¢5,022,631.12. Completing the list of the top five most traded equities were CAL Bank, GCB Bank, SIC Insurance, and Ecobank Transnational Incorporated (ETI), in descending order of trade volumes.
