The Ghana Stock Exchange (GSE) ended Thursday’s trading with a slight drop, as declines in MTN Ghana and NewGold offset gains recorded by other companies.
The GSE Composite Index, which measures the overall performance of the market, fell by 12.24 points to close at 8,489.75, compared to 8,501.99 the previous day.
Meanwhile, the GSE Financial Stocks Index rose by 35.06 points to 4,020.33, reflecting stronger activity among banks and insurance firms.
Trading activity slowed, with 898,646 shares changing hands at a total value of GH¢3.13 million, down from GH¢6.03 million on Wednesday. The market’s total value, or capitalization, increased slightly to GH¢167.18 billion.
Among the day’s gainers, Fan Milk PLC rose from GH¢6.60 to GH¢7.00, SIC Insurance advanced from GH¢1.10 to GH¢1.20, and Societe Generale Ghana climbed from GH¢2.10 to GH¢2.31. Ecobank Transnational (ETI) inched up to GH¢0.95, and Cocoa Processing Company (CPC) improved to GH¢0.04.
On the other hand, MTN Ghana dropped by GH¢0.04 to close at GH¢4.43, while NewGold (GLD) fell by GH¢13.44 to GH¢448.60.
Even with Thursday’s slight fall, the market remains strong, with the GSE Composite Index up 73.67% since the start of the year and the Financial Stocks Index higher by 68.87%.
