GSE Composite Index Hits 2024 High as MTN Leads Trading Activity
The GSE Composite Index notched its highest level this year, rising 4.61 points to close at 4,653.69 points, delivering an impressive year-to-date return of 48.67%.
The GSE Financial Stock Index also advanced, gaining 22.23% year-to-date to reach 2,324.24 points, underscoring robust performance in the financial sector.
Market Cap and Trading Activity Surge
The bourse’s total market capitalization expanded to GH¢104.32 billion, a rise of GH¢115.68 million from the prior session.
Trading activity was buoyant, with the volume of shares traded soaring 190.7% to 427,667 shares, compared to the previous day’s 147,115 shares.
The total value of transactions also increased by 4.93%, reaching GH¢808,637.29.
Price Movers
ETI and GLD emerged as the session’s key gainers, advancing by GH¢0.26 and GH¢2.54, respectively.
However, MTN Ghana (MTNGH), a market heavyweight, shed value, closing 1.67% lower at GH¢2.35.
Top Performers by Volume
MTN Ghana dominated trading activity, accounting for 76% of the total volume with 326,331 shares traded, valued at GH¢767,030.99.
Other notable stocks included ETI, CAL Bank, CPC, and SIC, though their trading volumes were markedly lower.
Monday’s session’s mixed price movements highlight evolving investor sentiment as the market navigates a year of strong performance amid macroeconomic uncertainty.
