GSE records 4,685% and 2,371% spike in traded volume and value on Thursday
The Ghana Stock Exchange witnessed an extraordinary trading day with a remarkable surge in both trading volume and value. Trading saw participation from a dozen equities, resulting in an astonishing 4,685.02% increase in traded volume and a remarkable 2,371.30% surge in traded value on Thursday compared to the previous day – Wednesday.
Notably, MTNGH dominated the market, accounting for 98.44% of the total value traded by exchanging 3,965,196 shares valued at GH¢5,749,534.20. In contrast, EGL’s presence was marginal, representing only 0.08% of the total turnover, while FML ranked lower in terms of volume traded among the top 5 equities.
In terms of price movements, FML continued its upward trajectory, gaining GH¢0.18 to close at GH¢1.99, while SCB increased by GH¢0.65 to close at GH¢17.30. EGH lost GH¢0.10, and GOIL dipped by GH¢0.04, closing the day at GH¢3.80 and GH¢1.53, respectively. This led to an increase in the total market capitalization by GH¢60.58 million, settling at GH¢73.09 billion.
On the index front, the GSE-Composite Index gained 5.57 points to close at 3,069.80 points, reflecting a year-to-date return of 25.61%. The Financial Stocks Index also climbed by 9.61 points, closing at 1,764.64 points, with a year-to-date return of 14.03%.
The Ghana Stock Exchange experienced a remarkable trading day marked by extraordinary spikes in both trading volume and value, reshaping the market’s landscape and leaving market participants to contemplate the day’s dynamics.
