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).
