GSE sees mixed performance as benchmark index rises and financial stocks decline

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in Economic, Investment, stock market

The benchmark index of the Ghana Stock Exchange, the GSE-Composite Index, exhibited positive movement, gaining 4.36 points to close at 2,970.68 points. This notable uptick reflects a year-to-date return of 21.55%. However, the Financial Stocks Index faced a decline of 3.02 points, closing at 1,685.31 points, with a year-to-date return of -17.89%.

Among the individual stocks, TotalEnergies Marketing Ghana Plc. (TOTAL) demonstrated strength, climbing by GH¢0.58 to reach a closing price of GH¢6.70. Conversely, Access Bank Ghana PLC. (ACCESS) experienced a slight dip, shedding GH¢0.10 and closing the day at GH¢3.50. The market capitalization experienced a moderate increase, rising by GH¢47.49 million and settling at GH¢72.01 billion.

Trading activity witnessed a total volume of 107,295 shares valued at GH¢182,572.03 across thirteen equities. Scancom (MTNGH) emerged as the volume leader, trading 76,500 shares valued at GH¢110,925.00, accounting for an impressive 60.76% of the total value traded. PBC Ltd. (PBC) followed closely, with a trade of 9,680 shares valued at GH¢193.60, representing 0.11% of the total value traded.

 

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The benchmark index of the Ghana Stock Exchange, the GSE-Composite Index, exhibited positive movement, gaining 4.36 points to close at 2,970.68 points. This notable uptick reflects a year-to-date return of 21.55%. However, the Financial Stocks Index faced a decline of 3.02 points, closing at 1,685.31 points, with a year-to-date return of -17.89%.