GSE: Market Indices Remain Steady, Preserving Strong Year-to-Date Returns

On Tuesday, the stock market closed with key indices unchanged, maintaining their strong year-to-date performance.

The Composite Index remained steady, preserving its YTD return at an impressive 38.90%, while the Financial Stocks Index also held firm at 2118.52 points, sustaining a YTD return of 11.41%.

New Gold (GLD) emerged as the sole price mover, declining by GH₵0.06 to GH₵381.60. This minor drop in GLD caused a slight dip in the market’s total value, now recorded at GH₵91,912.11 billion.

Trading activity was robust, with a 32.25% increase in volume, rising from 1,367,354 shares to 1,849,303 shares.

Turnover surged by 48.04%, climbing from GH₵4,074,234.39 to GH₵6,031,546.55. In total, thirteen stocks were actively traded.

MTN Ghana (MTNGH) dominated the trading floor, with 1,322,831 shares exchanging hands at a value of GH₵2,896,999.89.

Meanwhile, Atlantic Lithium (ALLGH) saw a modest 3,340 shares traded, valued at GH₵20,541.00.

Overall, the market exhibited resilience, with stable indices and heightened trading activity underscoring investor confidence.

Source:norvanreports.com