Price decline in MTN causes the GSE-CI to slip by 20.65 points
A decline in the share price of MTNGh on the local bourse caused the Ghana Stock Exchange Composite Index (GSE-CI) to slip by 20.65 points at the end of Wednesday’s trading session.
The slip in the GSE-CI led to the GSE-CI posting a Year-To-Date (YTD) return of 41.1 percent on share prices to investors.
This adversely affected the bourse’s market capitalisation as the exchange’s capitalisation fell to Ghs 62.62 billion from the previous day’s value of Ghs 62.84 billion.
Compared to the 42.16 percent YTD recorded at the end of Tuesday’s trading session, the GSE-CI declined by 1.06 percentage points.
The GSE Financial Stock Index (GSE-FSI) however went upwards by 1.45 points to close at1,913.54 translating into a YTD return of 7.34 percent.
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A total volume of 2,094,668 shares valued at GH¢2,778,503.04 was traded in twelve (12) equities, a significant increase compared to yesterday’s volume of 20,638 shares valued at GH¢69,297.82.
MTNGh despite recording a share price decline regained dominance as the most traded equity in both volume and value as it accounted for 87.77 percent of the total value traded.
Details of the Daily Equity Market report of SIC Brokerage:
Daily Equity Market Report_25.08.2021 by Fuaad Dodoo on Scribd
