CMLT emerge the most traded stock as market cap rises to GHS 73.9bn

The Ghana Stock Exchange witnessed a surge in trading, characterized by significant increases in both volume and value compared to the previous trading day.

A total of 212,605 shares changed hands, amounting to a value of GH¢364,732.06, reflecting jumps of 112.96% in trading volume and an impressive 356.80% in trading value.

Among the equities that dominated the trading landscape, Camelot (CMLT) emerged as the most actively traded stock, with a total of 71,396 shares exchanged. ETI followed closely, with 41,224 shares transacted, amounting to a value of GH¢6,183.60.

Notably, the top five traded stocks also featured MTNGH, EGH, and FML, showcasing a diverse array of investor interest.

The benchmark index, the GSE-Composite Index, demonstrated resilience, registering a gain of 11.97 points to conclude the trading session at 3,149.37 points. This uptick contributed to a year-to-date return of 28.87%, reinforcing the positive sentiment prevailing in the market.

Concurrently, the Financial Stocks Index recorded a notable advance of 22.39 points, closing at 2,024.05 points, effectively narrowing its year-to-date loss to -1.39%.

Prominent stocks EGH and TOTAL delivered impressive gains, marking an upward trajectory. EGH appreciated by GH¢0.40 to reach GH¢6.60, while TOTAL posted a gain of GH¢0.01, closing at GH¢9.00.

As a cumulative effect of the day’s favorable trading dynamics, the market capitalization experienced a substantial increase of GH¢130.14 million, reaching a total of GH¢73.99 billion, reinforcing the upward momentum in the exchange.

These developments underscore the vibrancy and resilience of the Ghana Stock Exchange, with increased trading activity, positive index performance, and notable equity gains.