• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Total value traded on GSE soars over 1,600% in single trading session

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
GSE

GSE

109
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Total value traded on GSE soars over 1,600% in single trading session

The Ghana Stock Exchange (GSE) closed the day on a mixed note, as the benchmark index, the GSE-Composite Index, gained 16.28 points to close at 2,428.48 points, while the GSE Financial Stocks Index remained unchanged, ending the day at 1,983.51 points. This reflected a year-to-date (YTD) change of -0.63% and -3.37%, respectively.

The trading session saw some notable changes, with Fan Milk PLC (FML) losing GH¢0.23 to close at GH¢2.07, while Guinness Ghana Breweries Ltd. (GGBL) lost GH¢0.16 to close at GH¢1.52. Conversely, Scancom PLC. (MTNGH) gained GH¢0.02 to close at GH¢0.92.

Market capitalization on the GSE rose by GH¢169.87 million to close at GH¢64.50 billion, representing a marginal YTD change of -0.01%. The total traded volume increased by an impressive 943.97%, while the total value traded increased by an even more impressive 1610.86% compared to the previous trading session.

Transactions in GGBL topped the trading chart, with 2,000,028 shares valued at GH¢304,0047.04, representing 98.09% of the total value traded. This was followed by Cal Bank PLC. (CAL), which traded 65,985 shares valued at GH¢33,652.35, representing 1.09% of the total traded value.

Overall, the performance of the GSE can be viewed in the context of the broader macroeconomic situation in Ghana. The country’s economy has been recovering gradually from the impact of the COVID-19 pandemic, with real GDP growth estimated at 3.3% in 2020, down from the 6.5% recorded in 2019. This economic slowdown has had an impact on the performance of the stock market, with investors cautious about the potential risks and uncertainties that lie ahead.

Looking ahead, it will be interesting to see how the Ghanaian stock market performs in the coming weeks and months. While there are still challenges ahead, such as rising inflation and ongoing uncertainties around the pandemic, there are also signs of cautious optimism in some sectors of the economy. If this positive sentiment continues, we may see a gradual recovery in the performance of the GSE and other African stock markets in the near future.

RelatedPosts

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist – Dr. Dumanya

Government Cuts Black Stars Budget by Over $732,000 for Upcoming World Cup Qualifiers Against Chad and Mali

Africa’s Road to the 2026 World Cup Heats Up As Qualifiers Resume Today

Tags: 600% in single trading sessionGSEGSE-CIGSE-FSImtnTotal value traded on GSE soars over 1
No Result
View All Result

Highlights

US Open: Alcaraz Advances to Semifinals; Sabalenka Set for Rematch with Pegula

GSE Composite Index Dips as MTNGH Extends Decline; TOTAL Posts First Gain in Over a Month

Chamber of Mines Pushes for Longer Stability Agreements to Safeguard Ghana’s Mining Competitiveness

Why Shorter Mining Leases Could Cost Ghana Big Projects and Jobs

Gold Price Hits Record High as Investors Seek Safety

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

Trending

Banking & Finance

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist – Dr. Dumanya

September 3, 2025

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist...

Government Cuts Black Stars Budget by Over $732,000 for Upcoming World Cup Qualifiers Against Chad and Mali

September 3, 2025

Africa’s Road to the 2026 World Cup Heats Up As Qualifiers Resume Today

September 3, 2025

US Open: Alcaraz Advances to Semifinals; Sabalenka Set for Rematch with Pegula

September 3, 2025

GSE Composite Index Dips as MTNGH Extends Decline; TOTAL Posts First Gain in Over a Month

September 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.