The Ghana Stock Exchange began the new trading week on a rough note with the benchmark GSE Composite Index (GSE-CI) falling by 112.65 points to close at 6,037.66 points.

This represents a 1.83% daily decline, pegging the index’s year-to-date return at 23.51%.

Market capitalisation also dipped by GH¢1.73 million to settle at GH¢134.82 billion, underscoring weak investor sentiments despite marginally higher trading activity.

The Financial Stock Index (GSE-FSI), however obtained modest gains, adding 5.55 points to end the session at 3,222.69 points, translating into a robust 35.36% return since the start of the year.

The sell-off was largely driven by declines in heavyweight telecoms stock, with MTN Ghana losing 11 pesewas to close at GH¢2.87.

The stock dominated trading activity, accounting for 358,519 shares valued at GH¢1.03 million, nearly 70% of total market turnover.

Ecobank Transnational Incorporated (ETI) also posted a 2 pesewa loss ending the day at GH¢0.87.

Trading volumes rose marginally by 0.68% to 419,718 shares, while turnover jumped 43.24% to GH¢1.49 million, driven by institutional trades in MTNGH.

Other active counters included Enterprise Group Limited (EGL), TotalEnergies, ETI, and CAL Bank.

SP/AE

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