GSE Market Capitalization Declines by GHS 134.39 Million as Year-to-Date Returns Fall

The Ghana Stock Exchange (GSE) closed lower, with the Composite Index shedding 10.66 points to settle at 4,364.83, trimming its year-to-date gain to 39.44% from 39.78%.

Meanwhile, the GSE Financial Stock Index remained unchanged at 2,198.88, holding steady with a 15.63% year-to-date return.

Market capitalization slipped by GH¢134.39 million, ending the session at GH¢99.20 billion. A marked increase in trading activity was observed, with volume surging 2,613.45% to 2.65 million shares from just 97,808 in the prior session.

This sharp uptick in volume translated into a corresponding rise in value, with total transactions worth GH¢6.08 million, up from GH¢236,575.59.

MTN Ghana (MTNGH) and GLD were among the decliners, closing at GH¢2.17 and GH¢402.52, respectively.

MTNGH dominated trading activity, with 2.61 million shares exchanged, representing a total value of GH¢5.67 million.

Other notable equities, including Ecobank Ghana (EGH), Société Générale Ghana (SOGEGH), SIC Insurance (SIC), and CalBank (CAL), saw significantly lower volumes by comparison.

Source:norvanreports.com