Traded Value of Equities Surge as Traded Volume on GSE Drops by 67% on Tuesday
Despite the index stability, the broader market experienced a slight contraction, with overall market capitalization declining by GH¢7.77 million to close at GH¢99.10 billion.
The Ghana Stock Exchange (GSE) Composite Index held steady at 4,369.44 points, maintaining a year-to-date (YTD) gain of 39.59%.
Similarly, the GSE Financial Stock Index remained flat at 2,190.37 points, reflecting a YTD return of 15.19%.
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Despite the index stability, the broader market experienced a slight contraction, with overall market capitalization declining by GH¢7.77 million to close at GH¢99.10 billion.
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Trading volumes saw a sharp decline, plummeting 67.47% to 118,288 shares from the previous session’s 363,583. However, the value of traded shares soared to GH¢1,296,414.91, up from GH¢264,019.67, indicating heightened value-driven trading.
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Gold ETF (GLD) registered a notable dip, shedding GH¢2.68 to settle at GH¢403.22 per share. In terms of activity, MTN Ghana (MTNGH) dominated the trading session with 48,555 shares exchanged, valued at GH¢105,849.90.
Other notable equities included Enterprise Group (EGL), Access Bank (ACCESS), and Dannex Ayrton Starwin (DASPHARMA), though their trading volumes lagged behind MTNGH’s performance.
Source:norvanreports.com
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