Local bourse records no gainers as market capitalization drops by GH¢2.65 million

In Monday’s trading session marked by a lack of gainers, GCB Bank saw a modest decline of GH¢0.01, closing at GH¢3.50. This shift translated into a corresponding decrease of GH¢2.65 million in market capitalization, concluding the day at GH¢73.95 billion.

The trading day witnessed 51,545 shares exchanged, amounting to GH¢135,938.78 in value. However, these figures depict an 86.83% decrease in traded volumes and a 69.80% dip in traded value compared to the previous trading day. Leading the charts in both volume and value traded, GCB Bank remained in the spotlight. Meanwhile, 14,470 MTN Ghana shares, valued at GH¢20,258.00, secured the second position. Other prominent stocks in the top five traded stocks included FML, CLYD, and CAL.

The benchmark index, GSE-Composite Index, recorded a minor decline of 0.24 points, closing at 3,145.09 points, resulting in a year-to-date return of 28.69%. On the other hand, the Financial Stocks Index saw a more significant drop of 0.46 points, concluding at 1,947.53 points and posting a year-to-date loss of -4.87%.

This trading session in the Ghana Stock Exchange highlights a subdued market, with GCB Bank’s marginal decline shaping the day’s performance, while broader indices experienced slight losses, reflecting the current market dynamics.

Source: Norvanreports