Societe Generale leads trading activity on the GSE; MTNGH, ETI, and GOIL among top traded stocks

In Tuesday’s trading session on the Ghana Stock Exchange (GSE), SOGECH took center stage, asserting its dominance as the most actively traded stock.

With an impressive volume of 228,690 shares, SOGECH outpaced its closest contender, DASPHARMA, which traded 52,397 shares. Notably, the value of SOGECH’s transactions stood at GH¢17,291.01, underscoring its significance in the day’s trading activity.

Following closely behind, MTNGH, ETI, and GOIL emerged as notable players, rounding off the top 5 traded stocks on the exchange. The collective trading activity saw a substantial surge, with 380,470 shares changing hands, marking a remarkable increase of 71.87% compared to the previous session. Correspondingly, the traded value surged to GH¢550,749.37, reflecting a robust uptick of 70.51%.

Despite the fervent trading environment, BOPP experienced a slight dip of GH¢0.03, concluding the day’s trading at GH¢21.53. Consequently, the market capitalization retreated to a lower mark of GH¢74,504.96 billion, highlighting the nuanced dynamics at play within the exchange.

The GSE-Composite Index for the day, experienced a marginal decrease of 0.03 points, settling at 3,177.50 points, it maintained a year-to-date return of 1.51%. Conversely, the GSE Financial Stocks Index remained unchanged, closing at 1,910.16 points.

Despite the minor fluctuations in certain stocks and indices, the overall market sentiment remained buoyant, reflecting the resilience and dynamism of the equity market landscape. Investors continue to navigate the evolving market conditions, seeking opportunities amid the prevailing economic backdrop.

 

Source:norvanreports