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