Business News of Wednesday, 28 May 2025

Source: www.ghanaweb.com

GSE market capitalisation drops by GH¢1.66 billion on May 27

GSE market capitalisation drops by GH¢1.66 billion on May 27 GSE market capitalisation drops by GH¢1.66 billion on May 27

The equity market lost ground on Tuesday, May 27, 2025, weighed down by losses in MTN Ghana (MTNGH), which reversed recent gains pulling down the benchmark index.

The GSE Composite Index fell by 128.52 points to close at 6,215.71 points, trimming its Year-to-Date (YTD) return to 27.15%.

The Financial Stock Index (GSE-FSI) also edged down by 1.22 points to 3,190.92 points, recording a YTD return of 34.03%.

Market capitalisation declined by GH¢1.66 billion to settle at GH¢137.49 billion while market turnover jumped sharply to GH¢4.63 million more than triple the previous session’s GH¢1.25 million.

However, volumes traded dropped by 20.93% to 336,108 shares.

MTNGH was the most actively traded stock accounting for 259,077 shares valued at GH¢793,200.71.

The telecoms giant closed 3.77% lower at GH¢3.06, erasing earlier gains and contributing significantly to the market’s dip. Other heavily traded counters included ETI, CAL, GLD, and UNIL.

BOPP emerged as the day’s sole gainer up 1.12% to GH¢31.12 bringing its YTD return to 23.20%.

CAL Bank and GLD slipped 1.69% and 5.81%, respectively. GLD’s GH¢20.89 decline marked the steepest fall of the session closing at GH¢338.83.

SP/MA

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