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Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

4 weeks ago
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Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

The Ghana Stock Exchange (GSE) closed Thursday’s trading session with modest gains despite a slowdown in market activity.

The benchmark GSE Composite Index (GSE-CI) inched up by 1.06 points to settle at 7,340.08 points, extending its year-to-date (YTD) return to 50.15 percent. Similarly, the GSE Financial Stock Index advanced to 3,411.96 points, translating into a 43.31 percent YTD return.

Market capitalisation saw a slight uptick, closing at GH¢1.49 billion. However, trading activity declined as a total of 283,272 shares changed hands, representing a 30.55 percent drop compared to the previous session. The trades were valued at GH¢1,466,309.02.

On the equities front, GCB Bank and NewGold ETF (GLD) recorded gains, closing at GH¢10.01 and GH¢395.47 respectively. SIC Insurance emerged as the most actively traded stock, accounting for 130,029 shares valued at GH¢136,530.45. It was followed by MTN Ghana, Ecobank Transnational Incorporated (ETI), CAL Bank and Republic Bank Ghana (RBGH).

Tags: 340.08 PointsMarket ActivityMarket Activity Slows as Prime Index Marginally Edges Higher to 7Prime Index

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