GSE Turnover Declines By 88.76% On Tuesday

The Ghana Stock Exchange (GSE) again witnessed a significant drop in trading activity, with total turnover plummeting to GH¢72,004.55, marking an 88.76% decline day-on-day.

The market saw ten different stocks traded, resulting in a substantial decrease in total volume to 34,660 shares.

Among the traded stocks, CAL led the volume chart with 17,017 shares changing hands. Meanwhile, SOGEGH, TOTAL, and FML closed with outstanding offers at GH¢1.55, GH¢13.56, and GH¢3.50, respectively.

In a notable move, SCB closed at a new year high of GH¢20.10, gaining GH¢0.05 on the day. This performance contributed to a GH¢6.74 million increase in the market’s total value, bringing it to GH¢93.31 billion.

The benchmark GSE Composite Index rose to 4,490.80 points, reflecting a year-to-date return of 43.47%. The GSE Financial Stocks Index also showed an upward trend, closing at 4,490.80 points with a year-to-date gain of 10.23%.

Investors and market watchers will be keenly observing whether this downturn in trading volume is a temporary blip or indicative of a longer-term trend as the GSE navigates through an increasingly volatile economic landscape.

Source:norvanreports.com