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GSE marks 424.8% increase in turnover in trading activity for Tuesday
The GSE Composite Index, the benchmark index of the Ghana Stock Exchange, increased by 0.62 points to close at 3,751.72 points, with a year-to-date (YTD) return of 19.85%.
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The total turnover on the Ghana Stock Exchange (GSE) surged to GH¢539,441.61, marking a significant increase of 424.80% compared to the previous day.
Despite this rise in turnover, the total volume of shares traded decreased, with 111,415 shares traded across ten different equities.
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Notable price movements included TOTAL, which saw its price increase by GH¢0.06, closing at GH¢9.61, driven by investor anticipation of favorable dividends.
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GLD experienced a significant rise of GH¢9.10, ending the day at GH¢342.90. These movements contributed to an increase in market capitalization by GH¢33.10 million, bringing it to GH¢83.96 billion.
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There were outstanding offers for several equities: Fan Milk Limited (FML) at GH¢3.19, Societe Generale Ghana (SOGEGH) at GH¢1.54, Unilever Ghana Limited (UNIL) at GH¢12.00, and Guinness Ghana Breweries Limited (GGBL) at GH¢4.44. Ghana Commercial Bank (GCB) had closing bids at GH¢4.56, above its closing price of GH¢4.50, indicating strong buyer interest.
The GSE Composite Index, the benchmark index of the Ghana Stock Exchange, increased by 0.62 points to close at 3,751.72 points, with a year-to-date (YTD) return of 19.85%. In contrast, the GSE Financial Stocks Index remained unchanged at 2,049.94 points, maintaining a YTD return of 7.80%.
Source: Norvanreports
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