Trading Volume Surges Over 1,300% as MTNGH Leads Market Activity
The Ghana Stock Exchange (GSE) on Tuesday saw a notable decline as the GSE Composite Index fell by 52.33 points to close at 4,316.70 points, bringing its Year-To-Date (YTD) return to 37.90%.
The GSE Financial Stock Index remained unchanged at 2,215.22 points, holding steady with a YTD return of 16.49%.
Market capitalization of the local bourse contracted by GH¢602.06 million, finishing at GH¢98.90 billion.
Trading volume on the Exchange surged sharply, with 2,109,041 shares exchanging hands—an impressive rise from the prior day’s 148,923 shares.
Correspondingly, the total value traded soared by 898.67% to GH¢44.57 million from GH¢4.46 million in the previous session.
Notable price movements included gains for GLD and TOTAL, which rose to GH¢448.26 and GH¢12.82, respectively, while MTNGH slipped GH¢0.05, closing at GH¢2.11.
MTNGH dominated the session’s trade, moving 1,815,407 shares valued at GH¢3.83 million. Other active stocks, including CAL, GLD, RBGH, and SOGEGH, saw lower volumes, underscoring MTNGH’s outsized influence on the day’s trading activity.
