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Trading Activity Plummets by 96.22% with Only 53,209 Shares Traded on Monday

11 months ago
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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.

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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.

Tags: 209 Shares Traded on MondayGSE-CIGSE-FSITrading Activity Plummets by 96.22% with Only 53

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