Stock Exchange sees mixed results in latest trading session
The Ghana Stock Exchange (GSE) experienced a mixed performance in its latest trading session, with the benchmark GSE-Composite Index gaining ground while the GSE Financial Stocks Index dipped.
The GSE-Composite Index rose by 28.85 points to close at 2,420.65 points, representing a YTD change of -0.95%, while the GSE Financial Stocks Index dropped 1.08 points to close at 1,884.87 points, indicating a YTD return of -8.17%.
Among individual stocks, Scancom PLC (MTNGH) was a standout performer, gaining GH¢0.02 to close at GH¢0.95 per share. In contrast, Total Energies Marketing Ghana Plc. (TOTAL) lost GH¢0.01 to finish at GH¢6.05 per share, and CAL Bank PLC. (CAL) declined GH¢0.01 to end the day at GH¢0.50.
Market capitalization increased by GH¢301.07 million to end the trading day at GH¢64.38 billion, representing a YTD change of -0.20%. The total volume traded across sixteen (16) counters was 37,915 shares valued at GH¢56,742.51, which dipped by 46.93% compared to the previous trading session. Meanwhile, the total value traded fell by 48.51% in comparison.
In terms of trading activity, CAL Bank PLC. was the most actively traded stock, accounting for 19.24% of the total value traded, with 21,829 shares valued at GH¢10,914.50. Scancom PLC (MTNGH) followed closely behind, with 6,628 shares valued at GH¢6,298.11, representing 11.10% of the total traded value.
Overall, the mixed performance of the Ghana Stock Exchange can be attributed to a variety of factors, including global economic uncertainty, local political developments, and company-specific news. As investors continue to monitor these factors, it remains to be seen how the Ghana Stock Exchange will perform in the coming weeks and months.
