The Ghana Stock Exchange (GSE) witnessed a sharp decline in trading volume on Monday, but market capitalization surged, marking a shift from last week’s trend of high trading activity. The GSE Composite Index (GSE-CI) closed at 5,769.29 points, while the market capitalization jumped to GH₵129.19 billion, reflecting a notable increase of GH₵1.37 billion from Friday’s close.
Market Overview
Total trading volume on Monday stood at 58,727 shares, a significant drop from Friday’s 462,213 shares and a far cry from the over 1.2 million shares traded on Thursday last week. However, despite the lower activity, the market capitalization experienced a sharp rise after staying around a little above GH₵127 billion throughout the previous week, when trading volumes were considerably higher.
The Financial Stock Index also inched up slightly to 2,814.46 points from 2,814.30 points on Friday, signaling marginal gains in the financial sector.
Market Movers
Among the most actively traded stocks were:
- MTN Ghana (MTNGH) – 36,046,108 shares traded, contributing significantly to the session’s liquidity with a total value traded exceeding GH¢108 million, pushing the stock up GH₵0.09 to GH₵3.20.
- NewGold ETF (GLD) – Traded 2,317 shares, closing at GH¢428.15, with a total value of approximately GH¢992,021. The stock gained GH₵2.55 from the previous session.
- Standard Chartered Bank (SCB) – 5,085 shares traded, totaling GH¢127,226.70 and closing at GH₵25.02, with a marginal gain of GH₵0.01.
- Total Petroleum Ghana (TOTAL) – saw a notable price appreciation of GH₵1.49 with 541 shares, and a trading value of GH¢8,910.27.
Despite the low volume, the increase in market capitalization suggests that investors placed higher value on the stocks traded, possibly influenced by price gains in key equities.
