Local bourse witnesses surge in trading activity with GH¢304,801 in value traded

The Ghana Stock Exchange on Wednesday’s trading session witnessed a surge in both trading volume and value, as a total of 180,540 shares changed hands, representing a substantial increase of 188.56% in traded volume compared to the prior trading session.

The total value of these transactions amounted to GH¢ 304,801.80, reflecting an even more remarkable surge of 256.71% when compared to the previous trading day.

Amidst the vibrant trading environment, MTNGH emerged as the leader in both volume and value, solidifying its dominant position in the market. Notably, MTNGH shares experienced a modest decrease, with the stock price dropping by GH¢0.02 to close at GH¢1.38.

BOPP, a prominent player in the market, recorded gains as its stock price increased by GH¢0.01 to reach GH¢19.01. This increment, however, was moderated by the slip in MTNGH’s stock value. As a result of these fluctuations, the market capitalization experienced a dip of GH¢264.38 million, culminating in a closing figure of GH¢73.68 billion.

Examining the performance of key stock indices, the GSE-Composite Index witnessed a decline of 27.67 points, concluding at 3,120.12 points. The year-to-date performance of this benchmark index stands at an impressive 27.67%. On the other hand, the Financial Stocks Index remained stable, closing at 1,951.44 points, yet registering a year-to-date loss of -4.93%.

Source: Norvanreports