Access Bank posts GH¢0.30 share price gain as local bourse sees no price losses

Trading activity on the local bourse on Tuesday indicates that some 350,940 shares valued at GH¢1,033,744.81 changed hands. The trading session was marked by brisk trading, featuring a selection of 16 different stocks, and recorded remarkable surges in both trading volume and value when compared to the preceding trading day.

Leading the charge was GCB, emerging as the most actively traded stock on this particular day. In second place, 35,840 shares of ETI were transacted, with a total value of GH¢5,376.00. Rounding out the list of top five traded stocks were SIC, FML, and CAL.

ACCESS shares made gains of GH¢0.30, culminating in a closing price of GH¢3.40. In a notable twist, the day saw no stocks incurring losses, contributing to a marginal increase in the overall market capitalization, which reached GH¢73.91 billion.

The benchmark index, represented by the GSE-Composite Index on the Ghana Stock Exchange, advanced by 4.80 points, reaching a closing value of 3,141.66 points. Notably, this resulted in a year-to-date (YTD) return of 28.55%. In a contrasting development, the Financial Stocks Index also saw an uptick, gaining 9.06 points to close at 1,947.01 points. Nevertheless, this index posted a YTD loss of -5.14%.

In summary, Tuesday’s trading day was characterized by heightened activity, with notable gains in both volume and value, positive stock performance, and an uptick in the benchmark and financial stock indices.

Source: Norvanreports