MTNGH maintains dominance, drives 64.36% of total value traded on local bourse
The Ghana Stock Exchange (GSE) on Thursday witnessed a total volume of 43,111 shares exchanging hands, valued at GH¢73,166.14.
While this represented a modest uptick of 3.49% in trading volume, a simultaneous dip of 6.75% in the overall value traded indicated a mixed sentiment among market participants.
Scancom Plc. (MTNGH) continued to assert its dominance on the volume chart, accounting for a substantial 64.36% of the total value traded with its transaction of 30,777 shares, valued at GH¢47,088.81. Following suit, SIC made its presence felt by trading 4,021 shares valued at GH¢804.2.
On the other hand, EGH recorded relatively lower traded volumes, with a turnover of GH¢3,915.00, securing its place among the top 5 traded equities.
Trading activity on Thursday however, did not witness any gainers or decliners, portraying a certain equilibrium in the market dynamics. Consequently, the total market capitalization experienced a lateral movement, closing at GH¢73.48 billion, indicative of the cautious undertone prevalent throughout the trading session.
The benchmark indices, GSE-Composite Index and Financial Stocks Index, both maintained their positions without any change. The former closed at 3,105.52 points, signifying a steady stance, while the latter settled at 1,728.38 points.
The stability in the benchmarks was further echoed in their year-to-date returns, with the GSE-Composite Index reflecting an encouraging 27.07% gain, and the Financial Stocks Index posting a -15.80% YTD return.
The Ghana stock market remains resilient, with participants closely observing these indicators for potential shifts in the market sentiment and trends.
