The Ghana Stock Exchange saw a noticeable pullback on Thursday as trading momentum eased sharply following the extraordinary mid-week surge that had pushed market volumes to their highest levels this quarter.
After Wednesday’s blockbuster turnover of more than 15.5 million shares valued at GH¢69.46 million, activity slowed significantly, with total volume dropping to 826,418 shares worth GH¢1.64 million.
The cooling reflected immediately in the indices. The GSE Composite Index shed 26.71 points to close at 8,584.17, retreating from Wednesday’s record level of 8,610.88. The Financial Stocks Index also slipped, closing at 4,419.97 compared to the previous day’s 4,460.55.
Despite the dip, both indices remain strongly positive for the year, with the Composite up 75.60 percent and the Financial Index up 85.65 percent.
Thursday’s trading session saw mixed price movements among actively traded equities. Access Bank edged down by 12 pesewas to close at GH¢16.08, extending its gradual correction from the week’s earlier gains. ETI also softened, closing at GH¢0.81 after slipping five pesewas.
Cal Bank, however, continued to find buying support, inching up to GH¢0.40, while GCB rose by 10 pesewas to GH¢19.10. GOIL added seven pesewas to close at GH¢2.83, recovering from its mid-week flat trading pattern.
With one trading day left in the week, the market remains firmly bullish year-to-date. Investors now look to the final session to determine whether the market will regain some of Wednesday’s spark or maintain Thursday’s more measured tone.
