Trading Volume on GSE Drops 59%, Total Value Slips by Nearly 50%
The Ghana Stock Exchange (GSE) remained largely static on Friday, with the GSE Composite Index holding firm at 4,368.80 points and retaining a robust year-to-date return of 39.57%.
The GSE Financial Stock Index also saw no movement, settling at 2,215.22 points and holding a year-to-date return of 16.49%.
Market capitalization of the local bourse witnessed a modest contraction, edging down by GH¢9.86 million to GH¢99.49 billion.
In a striking reduction of trading volume, activity slipped by 59.02%, with only 65,170 shares exchanged, down from the previous day’s 159,038 shares.
This decline in trading volume was mirrored by a 49.89% drop in total traded value, which fell to GH¢209,654.01 from GH¢412,420.63.
New Gold (GLD) retraced some gains from earlier in the week, shedding GH¢3.40 to close at GH¢428.60. MTN Ghana (MTNGH) dominated the trading floor with 43,052 shares, valued at GH¢92,992.32.
Other actively traded equities included CAL Bank, Republic Bank Ghana (RBGH), Enterprise Group Limited (EGL), and GLD, albeit at more subdued volumes.
