GSE witnesses 470% and 1,288% surge in volume and value of shares traded on Tuesday

In a robust session on Tuesday, the Ghana Stock Exchange witnessed a surge in trading activity, with a notable uptick of 470.59% in shares exchanged, totaling 131,441 shares. The corresponding value of these trades soared by an impressive 1288.58%, culminating in a transactional worth of GH¢417,609.96. A total of thirteen stocks exchanged hands.

Leading the charts in terms of trade volume was Ghana Commercial Bank (GCB), with an imposing 105,011 shares changing hands, amounting to GH¢367,538.50. Following closely was Enterprise Group Limited (EGL), trading 10,162 shares valued at GH¢24,292.03. Other noteworthy performers in the top five included CAL, ETI, and MTNGH.

However, EGL experienced a setback, shedding GH¢0.02 off its unit price, concluding the session at GH¢2.39, attributable to prevailing selling pressures. Consequently, the market capitalization took a dip, decreasing by GH¢3.42 million to settle at GH¢74.01 billion.

Against this backdrop, the benchmark index, GSE-Composite Index, witnessed a marginal decline of 0.31 points, closing at 3,148.82. This decline translated into a year-to-date return of 28.84%. Simultaneously, the Financial Stocks Index exhibited a retrogression of 0.6 points, closing at 1,957.17 points, with a corresponding year-to-date loss at -4.65%.

These fluctuations underscore the dynamism and volatility inherent in the Ghana stock market, offering investors valuable insights and considerations for strategic decision-making in an ever-evolving financial landscape.