Trading volume dips 72% on GSE as investor momentum slows

Equities on the stock exchange began the week on a slow note, with the Ghana Stock Exchange Composite Index (GSE-CI) shedding 75.53 points to close at 6,025.40 on Monday, April 14, 2025, as investor momentum waned.

The index’s year-to-date (YTD) gain narrowed to 23.26%, down from the previous 24.80%.

MTN Ghana dropped 2.3% to GH¢3.00, while CalBank slipped 1.4% to GH¢0.69. Gold-backed security GLD also declined by GH¢3.02 to GH¢480.57.

The broader financial stock index edged down slightly by 1.22 points to 3,061.43, though it still maintains a robust YTD return of 28.59%.

Market capitalisation fell sharply by GH¢932.12 million to GH¢134.69 billion.

Trading activity was notably subdued, with volume plunging by 72.4% to 313,461 shares.

Total market turnover slumped by 92.4% to GH¢895,020.08, compared to nearly GH¢12 million in the previous session.

MTN Ghana dominated trading, accounting for more than 60% of total volume and value, with 193,475 shares exchanged for GH¢580,600.63.

It was followed by Ecobank Transnational Inc. (ETI), CalBank, Intravenous Infusions Ltd (IIL), and DAS Pharma.

The lacklustre session follows a bullish March in which the GSE-CI posted a monthly gain of 558.13 points, translating into a 27.19% YTD return, outperforming the 10.41% YTD gain recorded during the same period in 2024.

Despite the recent dip, investor appetite for financial stocks remains relatively strong, as evidenced by March’s 244.99-point rise in the GSE Financial Index.

Nonetheless, the sharp decline in trading volumes signals possible caution ahead of MTN Ghana’s final dividend payment of GH¢0.24 per share, scheduled for April 16, 2025.

SP/MA

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