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Home Business Markets

MTN Ghana dominates trading activity; 99.95% of total volume on the GSE

5 years ago
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Ending the month of November on the Ghana Stock Exchange, the worth of the market went up by 0.23% (GHS 122.90 million) by end of Monday’s trading session as a result of a pesewa gain in MTN Ghana and however, declined by 6.52% from year open to end the day at GHS 53,085.70 million.

The major indices though recording negative year-to-date yields of 19.43% (-438.47 points) for the GSE- Composite Index (GSE-CI) and 19.65% (-396.84 points) for the GSE-Financial Stock Index (GSE-FSI), they closed the first trading session for this week with the GSE-CI advancing by 11.74 points to seal the day at 1,818.68 points with a 4-week loss 1.01%.

The GSE-FSI on the other hand, maintained its opening level by end of the day’s trading session. With a week loss of 0.05% and a 4-week loss of 1.72%, the GSE-FSI kept its level at 1,622.81 points.

A total of 17,136,015 shares changed hands on the floor of the exchange on Monday worth GHS 10,455,840.54. Eight listed equities out of the thirty-nine on the GSE participated in trading activity and MTN Ghana accounted for 99.95% of total volume; trading 17,127,114 shares worth GHS 10,447,130 by close of day.

The equity was the sole gainer on the market as it went up by a pesewa (GHS0.01) to close at GHS 0.61 per share.

Societe General Ghana Ltd followed with 4,200 shares trading at GHS 0.64 per share at a sales value of GHS 2,688.

CAL Bank and Ghana Oil Company traded 3,500 shares and 529 shares each.

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Source: Bertha Atubiga / Market Analyst
Tags: GSEGSE-CIGSE-FImtn
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