• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana Stock Market Opens Week Lower as MTN Drags Benchmark Index Down

2 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
907
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana Stock Market Opens Week Lower as MTN Drags Benchmark Index Down

The Ghana Stock Exchange (GSE) opened the trading week on a bearish note, with the benchmark GSE Composite Index (GSE-CI) shedding 8.60 points to close at 6,699.04 on Monday, amid subdued trading activity and weak investor sentiment. The day’s performance pulled the index’s year-to-date (YTD) return marginally lower to 37.04%.

Losses in heavyweight MTN Ghana (MTNGH), which fell by 0.28% to GH¢3.53, contributed significantly to the dip in the index. MTN remains the most actively traded stock, accounting for nearly 90% of total volumes on the day, with 696,455 shares changing hands at a market value of GH¢2.46 million.

Meanwhile, the GSE Financial Stock Index (GSE-FSI) bucked the broader market trend, rising by 2.90 points to 3,171.38, supported by modest gains among financial counters. The GSE-FSI has returned 33.21% YTD.

Market turnover saw a sharp contraction, with the volume of shares traded tumbling by 90.38% to 796,695, while the total value of trades plummeted by 93.28% to GH¢2.63 million.

Enterprise Group Ltd (EGL) was the session’s top gainer, climbing 5.56% to GH¢2.85, bringing its YTD return to 43.20%. In contrast, MTNGH’s mild decline places its YTD performance at 41.20%.

The day’s market capitalisation shrank by GH¢106.7 million to GH¢143.61 billion, reflecting the net losses in stock prices.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Other notable equities featured in the top five traded stocks included Ecobank Transnational Inc. (ETI), CAL Bank (CAL), EGL, and Cocoa Processing Company (CPC), though with significantly lower trade volumes compared to MTNGH.

Looking back, April saw a 122.33-point month-on-month drop in the GSE-CI, despite a stronger YTD return compared to the same period in 2024. Noteworthy gainers for the month included SIC (42.86%), CLYD (33.33%), and GGBL (30.07%), while laggards such as CAL (-13.33%) and MTNGH (-5.33%) weighed on sentiment.

The dividend season is also underway, with Unilever (UNIL), Benso Oil Palm Plantation (BOPP), Fan Milk Ltd (FML), and Clydestone (CLYD) all set to pay final dividends between late June and mid-July.

Tags: Ghana Stock MarketGhana Stock Market Opens Week Lower as MTN Drags Benchmark Index Downmtn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.