Stock Market: BOPP leads equities with 160.52% YTD return, gains GHS 0.92 on Thursday
The BOPP equity not only maintained its position as the highest-yielding stock per year-to-date (YTD) terms but also recorded a substantial GH¢0.92 gain, closing Thursday’s trading session at GH¢19.93. This gain by the equity translates into an exceptional 160.52% return for the shareholders.
On the back of the gain recorded in the BOPP equity, the market capitalization of the GSE increased by GH¢32.02 million to reach a substantial GH¢73.84 billion.
Trading activity on Thursday’s trading session was robust, with 337,343 shares exchanging hands, collectively valued at GH¢463,538.97. The market witnessed trades involving a total of nineteen different stocks, demonstrating a significant increase in both traded volumes, which rose by 261.22%, and the value traded, surging by 292.21%, when compared to the preceding trading day.
Notable trading activity for the day included MTNGH, leading the way with an impressive 165,204 shares traded. Following closely, SIC registered 86,489 shares traded, with a total value of GH¢20,757.36. Other noteworthy stocks that constituted the top five in terms of trading volume included PBC, GCB, and UNIL.
The benchmark index, the GSE-Composite Index, exhibited a robust performance, surging by 2.94 points to conclude the day at 3,134.93 points. This growth contributed to a Year-to-Date return of 28.28%, reinforcing the GSE’s favorable market conditions. On the contrary, the Financial Stocks Index remained steady at 1,973.83 points, revealing a Year-to-Date loss of -3.84%.
The Ghana Stock Exchange continues to be a focal point for investors, offering promising opportunities and a diverse array of stocks with impressive returns, while retaining its resilience in the face of prevailing market challenges.
