Trading Activity Plummets by 96.22% with Only 53,209 Shares Traded on Monday
The Ghana Stock Exchange (GSE) Composite Index experienced a decline of 10.67 points, closing at 4,354.16 points.
This led to a slight dip in the Year-To-Date (YTD) return, which fell to 39.10%, down from the previous 39.44%.
Meanwhile, the GSE Financial Stock Index remained unchanged at 2,198.88 points, maintaining its YTD return of 15.63%.
Market capitalization also took a hit, losing GH¢132.36 million to stand at GH¢99.07 billion.
Trading activity was notably subdued, with the volume of shares traded plummeting by 96.22% to 53,209 shares, compared to the previous day’s 1,407,290 shares.
Correspondingly, the value of shares traded also fell sharply to GH¢120,211.10 from GH¢3,040,887.07.
MTN Ghana (MTNGH) was the major loser of the day, closing at GH¢2.16. It also led the market in trading volume, with 19,134 shares exchanged at a total value of GH¢41,340.78.
Other frequently traded equities included Enterprise Group Limited (EGL), CAL Bank (CAL), Cocoa Processing Company (CPC), and GCB Bank (GCB), though their trading volumes were significantly lower.
