The Ghana Stock Exchange (GSE) saw a busy session on Tuesday, with trading activity surging even as the benchmark index slipped slightly, reflecting cautious investor sentiment.
This was driven by heavy trading in Scancom PLC (MTNGH), whose 2.68 million shares changed hands, but a slight dip in its price to GH¢ 3.85 pulled the index down.
Total shares traded on the day jumped to 2.76 million, valued at GH¢ 10.57 million, up sharply from Monday’s 547,175 shares worth GH¢ 8.97 million. Despite the higher volume, the overall market value rose only modestly, as selective buying and profit-taking shaped the session.
The GSE Composite Index (GSE-CI) closed at 7,310.17 points, down 20.2 points (-0.28%), while market capitalization edged lower to GH¢ 149,389.77 million. The GSE Financial Stocks Index (GSE-FSI) added a small 1.2 points, finishing at 3,413.16, showing steady performance in the banking sector even as the broader market softened.
Meanwhile, GCB Bank PLC and TotalEnergies Marketing Ghana PLC posted modest gains, closing at GH¢ 10.05 and GH¢ 31.96, respectively. NewGold ETF (GLD) rose sharply by GH¢ 7.01 to GH¢ 409.16, reflecting strong investor interest in gold.
Tuesday’s trading highlighted how large-cap stocks continue to drive market direction, where even small price movements in heavily weighted shares like MTNGH can shift the index.
While overall activity was high, the market remained balanced by selective declines, showing investors were active but cautious.
