Unilever Ghana emerges sole gainer on stock market
The Ghana Stock Exchange saw a modest increase in the GSE-Composite Index, gaining 2.39 points to close at 2,737.79 points, marking a 12.30% year-to-date change. However, the GSE Financial Stocks Index remained unchanged at 1,755.98 points, reflecting a year-to-date return of -14.45%.
During the trading session, Unilever Ghana PLC. (UNIL) emerged as the sole gainer, recording a GH¢0.40 rise in its share price to close at GH¢4.40. Notably, there were no decliners on the stock exchange during the session, suggesting a relatively stable trading day.
Market capitalization rose by GH¢25.00 million, ending the day at GH¢68.24 billion, indicating an overall increase in the value of equities listed on the Ghana Stock Exchange. However, market activity experienced a significant decline, with volume traded plummeting by 94.33% and value traded dropping by 96.12%. The total shares traded were 32,308, valued at GH¢28,605.02 across fifteen (15) equities.
In terms of individual equities, Ecobank Transnational Inc. (ETI) emerged as the most traded stock during the session, with 14,431 shares valued at GH¢2,164.65, representing 7.57% of the total value traded. This was closely followed by Ghana Oil Company Limited (GOIL), which traded 7,634 shares, valued at GH¢12,596.10, accounting for 44.03% of the total value traded.
Overall, the Ghana Stock Exchange exhibited a relatively stable trading session, with no major fluctuations in stock prices. The decline in market activity, however, suggests a lack of investor interest, which could be due to a variety of factors, such as external economic pressures, regulatory changes, or other market-related factors. Nonetheless, the modest gains recorded by the GSE-Composite Index and the rise in market capitalization suggest that the Ghanaian stock market is still holding up relatively well despite the dip in trading volume and value.
