The Ghana Stock Exchange (GSE) saw a wave of activity on February 4, 2025, with Ecobank Ghana (EGH) dominating trading volumes while NewGold Issuer Ltd (GLD) took the biggest price hit of the day.
Ecobank Ghana saw its stock price slip by GH₵0.26, closing at GH₵6.25 from GH₵6.51, after an impressive 502,718 shares were traded, bringing in a total trade value of GH₵3.14 million.
Meanwhile, NewGold Issuer Ltd (GLD), the exchange-traded fund that tracks gold prices, suffered the steepest decline, dropping GH₵2.46 to settle at GH₵419.50, with 360 shares traded, amounting to GH₵151,020 in value.
Comparing Monday and Tuesday market performance, trading activity nearly doubled, with 996,281 shares exchanged on Tuesday compared to 483,839 on Monday, marking a 106% increase in volume.
However, despite the surge in trading, the GSE Composite Index (GSE-CI) dipped marginally by 0.13%, sliding from 5,227.53 on Monday to 5,220.77 on Tuesday, suggesting investors were active but cautious.
Market capitalization also edged down from GH₵117.15 billion to GH₵117.06 billion, reflecting a 0.08% decline. The Financial Stock Index wasn’t spared either, slipping by 0.38% from 2,472.66 to 2,463.17, as financial equities experienced some downward pressure.
