The Ghana Stock Exchange (GSE) closed Tuesday’s trading session with mixed fortunes as MTN Ghana (MTNGH) and Ecobank Transnational Incorporated (ETI) recorded gains, while ABSA New Gold suffered the biggest loss of the day.
MTN Ghana emerged as one of the top gainers, seeing its share price rise from GH₵ 2.65 to GHS 2.70, a 0.05 GH₵ increase, backed by a high trading volume of 14.95 million shares valued at GH₵ 40,362.65.
ETI also saw a positive movement, with its share price rising from GH₵ 0.35 to GHS 0.37, marking a 0.02 GH₵ gain.
With over 8.1 million shares traded, the bank’s stock appears to be seeing renewed investor interest, potentially signaling optimism in the banking sector.
However, ABSA New Gold (GLD) experienced the steepest decline, with its stock price falling by GH₵ 5.90, from GH₵420.13 to GH₵414.23.
The drop erased significant value from the mining giant, which had 524,000 shares traded for a total value of GHS 217,054.61. The decline could reflect broader concerns in the commodity markets or profit-taking activities by investors.
Despite remaining unchanged at GH₵ 0.38 per share, CAL Bank (CAL) saw significant trading activity, with over 2.26 million shares exchanged, valued at GH₵ 862,207. This signals strong investor interest in the financial institution, even without immediate price movement.
