The Ghana Stock Exchange (GSE) kicked off the new trading week on Monday, February 3, with a mix of stability and selective movements in stock prices. GCB Bank PLC emerged as the only gainer, recording a GH¢0.02 increase to close at GH¢6.43, with 14,375 shares traded, amounting to a total value of GH¢92,705.73.
On the flip side, Ecobank Ghana PLC (EGH) recorded the biggest loss, dropping GH¢0.09 to close at GH¢6.50 after 40,000 shares were exchanged, totaling GH¢260,471.00 in trade value.
Despite these individual movements, the overall market remained steady. The GSE Composite Index (GSE-CI) stood at 5,227.53 points, while the Financial Stock Index closed at 2,472.66 points. Total trading volume for the session reached 483,839 shares, and market capitalization remained strong at GH¢117.15 billion.
Trading Highlights: Movement and Stability
- MTN Ghana (MTNGH) led trading activity with 426,625 shares exchanged, yet its price remained unchanged at GH¢2.75.
- TotalEnergies Ghana (GH¢13.37), Standard Chartered Bank (GH¢23.00), and Guinness Ghana Breweries (GH¢5.60) all saw no price changes.
- Société Générale Ghana (SOGEGH) traded 2,383 shares at GH¢1.50, with a total value of GH¢3,374.50, maintaining its previous price.
Banking stocks, like GCB, edged up slightly, while Ecobank Ghana PLC (EGH), had a rougher trading day. The market held its ground overall, with trading activity suggesting that investors are placing their bets selectively.
