GSE Composite Index Falls Amid Decline in Trade Volume; MTNGH Tops Activity Chart
The Ghana Stock Exchange (GSE) Composite Index declined at the close of trading on Monday, falling to 6,644.69 points, translating to a Year-to-Date (YTD) return of 35.92%.
However, the Financial Stocks Index posted a marginal gain, climbing 0.98 points to close at 3,413.27 points, with its YTD return at 43.37%.
Market capitalisation saw a notable increase, rising by GH¢352.79 million to GH¢141.83 billion, supported by gains in select equities.
Despite the uptick in market value, trade activity experienced a sharp decline. A total of 9,418,351 shares exchanged hands, representing a 63.73% drop compared to the previous session. The total value of trades executed stood at GH¢32,477,375.00.
Benso Oil Palm Plantation (BOPP) led the day’s gainers, appreciating to GH¢34.26 per share. On the flip side, TotalEnergies Marketing Ghana (TOTAL) recorded a decline, closing lower at GH¢29.94.
Market heavyweight MTN Ghana (MTNGH) emerged as the most actively traded equity, with 9,143,644 shares traded, valued at GH¢29,718,183.00. It was followed by CAL Bank, TOTAL, SIC Insurance, and GCB Bank, rounding up the top five most traded stocks by volume.
