GSE Records No Gains as GLD Slips; Trade Volume Rises Over 80%
The Ghana Stock Exchange (GSE) closed Wednesday’s trading session flat, with both benchmark indices posting no change. The GSE Composite Index (GSE-CI) remained steady at 6,436.54 points, maintaining its impressive year-to-date (YTD) return of 31.67%.
Similarly, the GSE Financial Stocks Index (GSE-FSI) closed unchanged at 3,412.75 points, keeping its YTD gain at 43.35%, reflecting strong performance by financial counters since the start of the year.
Market capitalisation for the day stood at GHS 139.212 million.
Despite the lack of movement in the indices, trading activity surged significantly. A total of 569,162 shares exchanged hands, marking an 82.65% increase compared to the previous day’s volume. The surge in activity translated into a total trade value of GHS 4,877,668.61.
Notably, NewGold ETF (GLD) saw a price decline of GH¢5.96, closing the day at GH¢361.74 per share.
GCB Bank PLC led the session’s trading chart, with 498,244 shares changing hands at a value of GH¢4,718,370.68. It was followed by CAL Bank, Ecobank Transnational Inc. (ETI), SIC Insurance, and MTN Ghana in descending order of volume traded.
The session reflects growing investor participation despite muted index movement, with GCB’s dominance in volume and value traded underscoring continued investor interest in the banking sector.
