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Trading Activity Plummets 69.49% in Volume but Sees 362.85% Turnover Surge
The Ghana Stock Exchange Composite Index (GSE-CI) ended the week on a bearish note, slipping from 4,738.49 points to 4,733.62 points, representing a 0.10% decline.
This marks a reversal from the 0.94% gain recorded in the previous week.
In contrast, the GSE Financial Stocks Index (GSE-FSI) closed slightly higher, gaining 0.08% to settle at 2,370.11 points, bringing its year-to-date (YTD) return to an impressive 24.64%.
Market Capitalization and Turnover
The market capitalization dipped marginally, closing at GH¢109,159.51 million, down from GH¢109,219.13 million recorded last week.
Trading activity saw mixed results as the volume of shares traded plummeted by 69.49% compared to the prior week, while trade turnover surged by an astonishing 362.85%.
Top Performers and Laggards
UNIL led the week’s gainers, closing at GH¢17.99, followed by GGBL at GH¢5.10 and GCB at GH¢6.35.
On the downside, MTNGH and GLD saw declines, closing at GH¢2.38 and GH¢385.51, respectively.
Trading Highlights
MTNGH topped trading volumes with 4,054,938 shares exchanged at a total value of GH¢9,610,873.52. EGH rounded out the top five in trade activity, trading 69,380 shares valued at GH¢450,970.00.
The stock market continues to experience volatility, with mixed performance across indices and key stocks. Investors are closely monitoring the market for potential opportunities amid these fluctuations.
