The Ghana Stock Exchange (GSE) closed trading on a negative note as the benchmark GSE Composite Index shed 5.86 points to settle at 6,411.72 points, reflecting a Year-To-Date (YTD) return of 31.16%.
However, the Financial Stock Index defied the broader market trend, advancing by 6.74 points to close at 3,440.39 points with an impressive YTD gain of 44.51%.
The day’s downturn led to a GH¢72.72 million dip in market capitalization which fell to GH¢139.34 billion.
Market activity witnessed a significant surge, with total shares traded hitting 1,845,988, despite representing a sharp 1,058.46% fall compared to the previous day’s unusually high trading volume.
The total value of shares traded amounted to GH¢5,357,702.57.
On the price performance chart, Republic Bank Ghana (RGBH) gained GH¢0.07 to close at GH¢0.79 while telecom giant MTN Ghana (MTNGH) lost GH¢0.01 also closing at GH¢0.79.
MTNGH topped the trading activity for the day, exchanging 1,679,403 shares valued at GH¢5,022,631.12.
Completing the list of the top five most traded equities were CAL Bank, GCB Bank, SIC Insurance, and Ecobank Transnational Incorporated (ETI), in descending order of trade volumes.
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