Ghana Stock Exchange drops marginally
The Ghana Stock Exchange (GSE) has recorded a significant drop in market capitalisation, shedding GH¢233.37 million to close at GH¢133.09 billion.
A sharp reduction in market activity accompanied this decline, as the volume of shares traded fell by 50.20% to 557,827 shares, culminating in a total trade value of GH¢985,325.66.
Enterprise Group Limited (EGL) led the gainers for the session, which advanced by GH¢0.20 to settle at GH¢2.25.
However, MTN Ghana (MTNGH) and CAL Bank (CAL) recorded losses, with their share prices dipping to GH¢0.79 and GH¢3.17, respectively.
Regarding trading volume, CAL Bank emerged as the most actively traded equity, with 251,846 shares changing hands at a total value of GH¢199,692.66.
Other heavily traded stocks included MTNGH, Ecobank Transnational Incorporated (ETI), EGL, and Ghana Commercial Bank (GMCB), in that order.
The broader market performance reflected the decline, as the GSE Composite Index (GSE-CI) fell by 18.81 points to close at 6,043.39 points, trimming its year-to-date (YTD) return to 23.62%.
On the other hand, the GSE Financial Stock Index (GSE-FSI) bucked the trend, rising by 3.54 points to 2,898.18 points, with a YTD return of 21.73%.
SP/AE