GSE: NewGold ETF Emerges Sole Gainer As Tullow Oil And TotalEnergies See No Trades
The Ghana Stock Exchange (GSE) closed Thursday’s session with NewGold ETF (GLD) emerging as the sole gainer. The exchange-traded fund (ETF) rose by GHS 2.60 to close at GHS 402.50 per share from GHS 399.90, reflecting a 0.65% gain. A modest 13 shares were traded, generating a total value of GHS 13,279.
MTN Ghana (MTNGH) dominated market activity, recording the highest trading volume of 76,995 shares valued at GHS 193,257. This accounted for a significant portion of the day’s total traded value of GHS 227,415.41 across 126,813 shares.
Other actively traded stocks included CAL Bank (CAL), with 48,426 shares exchanging hands at GHS 17,917.62, and Dannex Ayrton Starwin (DASPHARMA), which saw 880 shares traded at GHS 334.40. Fan Milk Limited (FML) and Unilever Ghana (UNIL) recorded lower activity, with traded values of GHS 1,132.20 and GHS 1,053.00, respectively.
Mining Equities
AngloGold Ashanti (AGA) maintained its share price at GHS 37, as no trades were recorded for the session. The gold mining giant’s market capitalization stands at GHS 18.5 billion, supported by 502 million issued shares.
Atlantic Lithium Ghana (ALLGH), however, registered modest trading activity with 51 shares exchanged at GHS 6.12 per share. The lithium miner’s market capitalization is pegged at GHS 4.24 billion, underpinned by 693 million issued shares.
Financial Sector Equities
GCB Bank saw limited activity, with 10 shares traded at GHS 6.40 per share, translating into a total value of GHS 64. The equity’s market capitalization remains at GHS 1.68 billion, supported by 265 million shares in issue.
Republic Bank Ghana, on the other hand, recorded no trades, closing at GHS 0.66 per share. The bank’s market capitalization stands at GHS 562 million, underpinned by 851 million issued shares.
Petroleum Equities
Tullow Oil Ghana and TotalEnergies saw no trading activity, maintaining their share prices at GHS 11.92 and GHS 13.20, respectively. Tullow’s market capitalization is GHS 17.38 billion, while TotalEnergies’ stands at GHS 1.46 billion.
Market Capitalization and Outlook
The GSE’s market capitalization rose slightly to GHS 111,547.10 million, up from GHS 111,539.56 million in the prior session. While activity was mixed across sectors, NewGold ETF’s gain highlights the resilience of commodity-linked equities in a subdued trading environment.
