BOPP equity records new year-high price of GHS 20 at close of trading on Thursday

Benso Oil Palm Plantation (BOPP) equity gained GH¢0.05, capping the day at a remarkable year-high price of GH¢20.00, while EGH experienced a setback, shedding GH¢0.60 to close at GH¢5.70. This fluctuation contributed to a decline in market capitalization, which contracted by GH¢191.79 million, culminating in a close at GH¢73.79 billion.

The trading floor witnessed a notable reduction in activity, with a mere 1,039,034 shares changing hands, marking a substantial 88.98% decrease compared to the previous trading day. The corresponding value of these transactions also dwindled by 88.90%, settling at GH¢3,532,569.06. A total of thirteen stocks were involved in the day’s exchange.

GCB shares dominated trading for a consecutive day, exhibiting a robust performance with a trade volume of 1,015,128 shares, amounting to GH¢3,451,435.20. Following closely was ACCESS, recording 7,049 shares valued at GH¢23,966.60. Other key players in the top five traded stocks included MTNGH, GGBL, and SOGEGH.

Meanwhile, the benchmark GSE-Composite Index experienced a downturn, shedding 17.64 points and concluding at 3,128.80 points. This movement places its year-to-date return at an impressive 28.02%. Conversely, the Financial Stocks Index faced a setback, regressing by 33.59 points to close at 1,918.99, resulting in a year-to-date loss of -6.51%.

In summary, the day’s market activities revealed a nuanced landscape, marked by individual stock performances and overarching shifts in market indices. GCB’s continued dominance underscored its significance in the unfolding market dynamics. Investors closely watched the indices, evaluating the broader implications of these fluctuations on their portfolios.