The Ghana Stock Exchange (GSE) closed slightly lower on Thursday as the benchmark index, GSE-Composite Index, lost 0.17 points to close at 2,410.03 points.
Meanwhile, the GSE Financial Stocks Index also lost 0.31 points to close at 1,983.51 points, representing year-to-date returns of -1.39% and -3.37%, respectively.
Despite Thursday’s slight dip, the Ghana Stock Exchange has been showing positive signs of recovery over the past few months, with a number of notable gains in recent weeks.
However, the market has not been without its challenges, and some investors have been keeping a cautious eye on its movements.
Thursday’s trading session saw no gainer but a decliner in Access Bank Ghana PLC. (ACCESS) which lost GH¢0.01 to end the day at GH¢4.00. Market capitalization decreased by GH¢1.74 million to end the day at GH¢64.31 billion.
In total, 30,049 shares valued at GH¢95,891.58 traded across nine (9) counters. The total volume traded was up 151.29%, while the total value traded also increased by 386.28%, compared to the last trading day.
Transactions in Access Bank Ghana PLC. (ACCESS) topped the trading chart, with 20,000.00 shares valued at GH¢80,000.00, representing 83.43% of the total value traded.
While there have been some challenges for the Ghana Stock Exchange in recent years, the market has continued to attract investors, both local and foreign.
The exchange has also been working to implement a number of initiatives aimed at improving transparency and boosting investor confidence, such as the introduction of new trading rules and the implementation of a new market surveillance system.
Looking ahead, it remains to be seen how the Ghana Stock Exchange will perform in the coming weeks and months. Some analysts are optimistic about its prospects, citing improving economic conditions. However, others caution that there are still risks and uncertainties that could impact the market.