GSE Indices Dip as Market Capitalization Falls by GHS 209m; MTNGH Leads Trade Activity
The benchmark Ghana Stock Exchange (GSE) Composite Index declined by 2.38 points to close at 6,448.12 points at the end of today’s trading session, reducing its Year-To-Date (YTD) return to 31.90%. The GSE Financial Stock Index also shed 3.78 points, closing at 3,429.04 points, with its YTD return pegged at 44.03%.
The broader market capitalization dropped by GHS 209.24 million, settling at GHS 139.68 billion, as selling pressures weighed on investor sentiment.
Trade activity, however, saw a notable uptick. A total of 648,291 shares exchanged hands, reflecting a 64.71% increase from the previous session. The corresponding market value stood at GHS 3,115,996.49.
Price gainers for the session included GOIL, Republic Bank Ghana (RBGH), and Standard Chartered Bank (SCB), which closed at GH¢2.11, GH¢0.86, and GH¢28.00 respectively. On the other hand, GLD dipped to GH¢362.80, while another counter declined to GH¢0.84.
MTN Ghana (MTNGH) topped the trading chart, accounting for 417,478 shares valued at GH¢1,264,928.04. It was followed by CAL Bank (CAL), Ecobank Transnational Inc. (ETI), TotalEnergies Marketing Ghana (TOTAL), and GOIL, rounding off the day’s top five equities by volume traded.
