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Home Business

GSE records no gainers or losers as market capitalisation remains constant

Osumanu Al-Hassan by Osumanu Al-Hassan
October 24, 2023
in Business
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GSE records no gainers or losers
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In Monday’s trading session marked by stability, the Ghana Stock Exchange (GSE) showcased resilience with its benchmark index, the GSE-Composite Index, remaining unchanged at 3,126.05 points. This consolidating performance allowed the index to maintain an impressive year-to-date gain of 27.91%.

The Financial Stocks Index mirrored the lack of movement, closing at 1,962.63 points and preserving its year-to-date losses at -4.38%. Notably, there were no discernible fluctuations in stock prices during the trading day, underscoring the market’s composure.

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The overall market capitalization held its ground at GH¢ 73.74 million, accentuating the steadfast nature of the exchange.

Trading activity witnessed a subdued demeanor, with 42,929 shares changing hands, translating into a total value of GH¢101,041.74. This marked a 75.50% decline in trading volume and a 9.07% drop in trading value compared to the previous trading session.

Fifteen stocks made an appearance on the trading floor, reflecting a broad but largely inactive marketplace. Notably, ACCESS emerged as the most active stock, with a substantial 17,837 shares traded. This was closely followed by MTNGH, where 10,952 shares changed hands, carrying a transaction value of GH¢15,113.76. Completing the top five traded stocks were ETI, MTNGH, and ETI.

In summary, the Ghana Stock Exchange experienced a subdued session with no notable price movements. While the GSE-Composite Index displayed impressive year-to-date growth, the Financial Stocks Index grappled with sustained losses. Investors remained cautious, and the overall market witnessed a decline in both trading volume and value.
Tags: Ghana Stock Exchange (GSE)

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