GSE Composite Index Climbs as YTD Return Reaches 50.41%
The Ghana Stock Exchange (GSE) Composite Index recorded a marginal gain of 1.25 points to close at 4,708.05 points, pushing its Year-to-Date (YTD) return to an impressive 50.41%.
The Ghana Stock Exchange (GSE) Composite Index recorded a marginal gain of 1.25 points to close at 4,708.05 points, pushing its Year-to-Date (YTD) return to an impressive 50.41%.
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The GSE Financial Stock Index also advanced by 1.5 points, closing at 2,370.11 points with a YTD return of 24.64%.
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The overall market capitalization rose to GH¢108.81 billion, marking an increase of GH¢15.49 million compared to the previous trading session.
Decline in Trading Activity
Despite the gains in the indices, trading activity on the market experienced a significant slump.
The total volume of shares traded plummeted by 94.71% to 199,547 shares, down from 3,774,871 shares recorded the previous day.
Similarly, the total value of shares traded declined by 86.27% to GH¢1,174,933.36, compared to the prior session’s GH¢8,558,888.14.
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Price Movers
Key price movers for the day included:
- GCB Bank, which closed at GH¢6.35
- TOTAL Petroleum Ghana, which ended at GH¢12.92
Top Traded Equities
MTN Ghana (MTNGH) led the day’s trade activity, exchanging 65,410 shares valued at GH¢155,021.70.
The other top-traded equities were Ecobank Ghana (EGH), GCB Bank, TOTAL Petroleum Ghana, and DASPHARMA, although their trading volumes were significantly lower than that of MTNGH.
Source: norvanreports.com
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