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Home Business Markets

MTN Ghana’s pesewa gain raises worth of GSE market capitalization to Ghs 53.58 billion

5 years ago
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Trading activity on the Ghana Stock Exchange (GSE) ended with four equities on the bourse partaking in trade and it ended with a sole gainer with none on the flip side of the market.

MTN Ghana added a pesewa (+1.64%) to investors’ capital to end the day with its share quote at Ghs 0.61.

It began the year at Ghs 0.70 and has since lost 11.43% of its value from year open, however, in the last 3 months and six months, the equity has shored up by 5.08% each.

MTN Ghana also dominated trading activity as 13,168,500 shares were traded at Ghs 8,164,469.

CAL Bank at Ghs 0.69 traded 26,400 at Ghs 18,216 and Republic Bank Ghana followed with 13,400 shares changing hands at Ghs 0.41 per share.

GCB Bank was the least traded equity with only 5 shares trading at Ghs 3.86 on the odd lot board.

This saw total volume at week open go up 154% and total value declined by 82% comparing it to Friday’s trading activity.

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A total of 13,208,305 shares changed hands at a sales value of Ghs 8, 188,198.30.

The GSE market capitalization also surged up by 0.23% on the previous value of Ghs 53,458.73 to seal the day at Ghs 53,581.63.

The GSE Composite Index added 11.74 points (0.63%) to its opening level to close the day at 1,866.06.

It records a week-to-date return of +2.52% and gone up by 2.43% in the last 4 weeks. The year-to-date decline closed the day at 17.33%.

The GSE Financial Stock Index on the other hand maintained its level at 1,678.22 points, though its performance in the last week represents a return of +3.24%, it registers a year-to-date return of -16.91%.

This current level is as a result of no financial equities recording price changes on the GSE by close of Monday’s trading session.

Source: Bertha Atubiga
Via: norvanreports
Tags: GSE Composite IndexGSE Financial IndexMTN Ghana
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