GSE Indices Record Modest Gains Amid Dip in Trade Volume and Value
The Ghana Stock Exchange (GSE) ended Wednesday’s trading session on a positive note, with the GSE Composite Index (GSE-CI) edging up by 0.74 points to close at 4,654.43 points.
This slight gain brings the index’s Year-To-Date (YTD) return to an impressive 48.69%.
Similarly, the GSE Financial Stock Index (GSE-FSI) added 1.03 points to reach 2,325.27 points, reflecting a YTD return of 22.28%.
The market capitalization rose marginally by GH¢9.11 million to GH¢104.32 billion from the prior session’s GH¢104.31 billion, highlighting the market’s resilience despite reduced trading activity.
On the trading front, the volume of shares exchanged fell by 3.15% to 281,671 shares compared to the previous day’s 290,834 shares.
The day’s total trade value also declined, reaching GH¢591,707.27, a 7.64% drop from GH¢640,678.67 recorded in the prior session.
Price movements saw CAL Bank (CAL) gaining, while Enterprise Group Limited (EGL) shed value.
MTN Ghana (MTNGH) dominated the trading session with 227,461 shares valued at GH¢534,547.45.
Other notable stocks included CAL, EGL, Société Générale Ghana (SOGEGH), and Access Bank Ghana (ALLGH), though their trading volumes were markedly lower than MTNGH.
The market’s performance indicates investor confidence in certain stocks, particularly MTNGH, as broader market activity remained relatively subdued during Wednesday’s trading session.
