The Ghana Stock Exchange (GSE) had a mixed performance during yesterday’s trading session, with the GSE Composite Index (GSE-CI) experiencing a notable decline, while the GSE Financial Stocks Index (GSE-FSI) saw modest gains. Despite the downturn in the broader market index, trading activity remained strong, reflecting robust investor participation.
The GSE Composite Index (GSE-CI) dropped by 176.27 points, closing at 6,041.63 on April 2, down from 6,217.90 on March 28. This decline, while significant, is not entirely unexpected given the market’s volatility. However, the year-to-date (YTD) performance of the index remains positive at 23.59%, indicating strong growth potential for the year.
In contrast to the GSE-CI, the GSE Financial Stocks Index (GSE-FSI) saw a slight increase of 0.81 points, edging up from 3,059.30 to 3,060.11. This uptick reflects the resilience of financial stocks, with the sector showing a YTD performance of 28.53%, suggesting that investors are continuing to view financial stocks positively.
Despite the decline in the broader market index, trading activity remained lively. A total of 929,077 shares were traded across various sectors, valued at GHC 11,158,984.74. The market capitalization stands at GHC 134,833.77 million. Key stocks that saw significant movements include NewGold ETF (GLD), which led the market in value traded, recording a total of GHC 5,088,904.00 with a closing price of GHC 464.00, up by GHC 5.99 from its previous close.
Access Bank Ghana PLC (ACCESS) also saw a price increase, rising by GHC 0.03 to close at GHC 9.10, with 1,400 shares traded. Guinness Ghana Breweries PLC (GGBL) performed well, rising by GHC 0.18 to close at GHC 5.76, with 820,760 shares traded.
Meanwhile, Scancom PLC (MTNGH) led the market in volume traded with 3,110,762 shares exchanged, although its price declined by GHC 0.17, closing at GHC 1.32. SIC Insurance Company PLC (SIC) also saw a slight rise in its price, gaining GHC 0.01 to close at GHC 1.50, with 12,002 shares traded.
It’s also important to note that trading was halted on March 31 and April 1. Despite these breaks, investor interest remained high during yesterday’s session.
