NewGold share price dips slightly by 51 pesewas to GHS 344.99, YTD return now at 57.89%
The benchmark index of the Ghana Stock Exchange (GSE Composite Index) remained unchanged, closing the day at 3,798.01 points and maintaining a year-to-date (YTD) return of 21.33%.
Similarly, the GSE Financial Stocks Index held steady at 2,115.04 points, reflecting an 11.23% YTD return.
Despite the stability in the indices, NewGold (GLD) saw a slight decline, shedding GH¢0.51 to close at GH¢344.99.
This marginal drop reduced its YTD return to 57.89%.
Consequently, the market’s total value experienced a modest increase of GH¢1.48 million, reaching GH¢84.64 billion at the close of trading activity on Tuesday.
Trading Activity
Trade activity surged significantly, with total turnover jumping to GH¢65,047,691.80, a remarkable increase of 21,509.84% compared to the previous day.
The session saw trading in ten different equities, with total volumes rising as 35,067,880 shares were exchanged.
Outstanding Offers
There were notable offers for the following equities:
- Fan Milk Limited (FML) at GH¢3.19
- Ghana Commercial Bank (GCB) at GH¢5.75
- Société Générale Ghana (SOGEGH) at GH¢1.55
- Unilever Ghana Limited (UNIL) at GH¢12.50
The steady indices coupled with high trading volumes highlight the market’s robust activity, indicating investor confidence and a healthy trading environment on the Ghana Stock Exchange.
