GSE Composite Index Holds Steady at 4,354 Points Amid Declining Trading Volume

The Ghana Stock Exchange (GSE) Composite Index remained unchanged at 4,354.16 points, maintaining its impressive Year-To-Date (YTD) return of 39.10%.

Similarly, the GSE Financial Stock Index stayed steady at 2,198.88 points, yielding a YTD return of 15.63%.

Despite the stability in indices, the overall market capitalization saw a slight decline of GH¢10.21 million, bringing the total market value to GH¢99.06 billion.

Trading activity on the exchange dropped significantly, with the volume of shares traded plummeting by 82.07% to 85,325 shares, compared to the previous session’s 475,994 shares.

However, the value of shares traded rose sharply, reaching GH¢3,878,340.77, a substantial increase from the prior trading day’s value of GH¢1,361,582.91.

SIC Insurance Company Limited (SIC) led the market in terms of volume traded, exchanging 32,586 shares, which were valued at GH¢3,818,076.00.

Other top-traded equities included CAL Bank (CAL), MTN Ghana (MTNGH), NewGold ETF (GLD), and Fan Milk Limited (FML), although their respective trading volumes were considerably lower.

Source:norvanreports.com