GSE marks 424.8% increase in turnover in trading activity for Tuesday
The GSE Composite Index, the benchmark index of the Ghana Stock Exchange, increased by 0.62 points to close at 3,751.72 points, with a year-to-date (YTD) return of 19.85%.
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The total turnover on the Ghana Stock Exchange (GSE) surged to GH¢539,441.61, marking a significant increase of 424.80% compared to the previous day.
Despite this rise in turnover, the total volume of shares traded decreased, with 111,415 shares traded across ten different equities.
Notable price movements included TOTAL, which saw its price increase by GH¢0.06, closing at GH¢9.61, driven by investor anticipation of favorable dividends.
GLD experienced a significant rise of GH¢9.10, ending the day at GH¢342.90. These movements contributed to an increase in market capitalization by GH¢33.10 million, bringing it to GH¢83.96 billion.
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There were outstanding offers for several equities: Fan Milk Limited (FML) at GH¢3.19, Societe Generale Ghana (SOGEGH) at GH¢1.54, Unilever Ghana Limited (UNIL) at GH¢12.00, and Guinness Ghana Breweries Limited (GGBL) at GH¢4.44. Ghana Commercial Bank (GCB) had closing bids at GH¢4.56, above its closing price of GH¢4.50, indicating strong buyer interest.
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The GSE Composite Index, the benchmark index of the Ghana Stock Exchange, increased by 0.62 points to close at 3,751.72 points, with a year-to-date (YTD) return of 19.85%. In contrast, the GSE Financial Stocks Index remained unchanged at 2,049.94 points, maintaining a YTD return of 7.80%.
Source: Norvanreports
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