GSE market capitalisation rises by GH¢39.26m amid sluggish trading activity

The Ghana Stock Exchange (GSE) Composite Index advanced by 3.16 points to close at 6,414.88 points, pushing its year-to-date (YTD) return to 31.22%.

The Financial Stock Index (FSI), however, declined by 10.52 points, settling at 3,429.87 points, despite maintaining an impressive YTD return of 44.06%.

The market’s overall capitalisation increased by GH¢39.26 million, reaching GH¢139.38 billion.

Despite the uptick in market value, trading activity witnessed a significant decline, with a total of 399,073 shares exchanged during the session, representing a sharp 78.38% drop compared to the previous day’s volume.

The total value of shares traded amounted to GH¢3,040,330.66.

Ecobank Ghana (EGH) and MTN Ghana (MTNGH) posted gains, closing at GH¢8.74 and GH¢3.00 respectively.

On the other hand, GCB Bank (GCB) saw its share price fall to GH¢9.50.

GCB emerged as the most traded equity for the day, recording a total volume of 214,090 shares valued at GH¢2,035,116.60.

MTNGH, EGH, CAL Bank (CAL), and Access Bank Ghana (ACCESS) rounded out the top five most actively traded stocks, in descending order of volume.

SP/MA

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