Trading on the Ghana Stock Exchange (GSE) slowed on Tuesday, September 9, with both share volume and value easing from the previous session.
The broader market indices, however, held flat, underscoring a quiet day dominated by a single price movement in NewGold ETF.
A total of 3.45 million shares worth GH¢13.49 million changed hands, down from Monday’s 4.41 million shares valued at GH¢15.79 million. Despite the softer trading activity, the GSE Composite Index (GSE-CI) and the Financial Stocks Index (GSE-FSI) remained unchanged at 7,172.44 points and 3,444.30 points respectively.
The year-to-date performance still reflects strong gains of 46.72% for the GSE-CI and 44.67% for the GSE-FSI, signaling a bullish run overall.
The day’s movement was driven by NewGold (GLD), which shed GH¢15.30 to close at GH¢400.70, compared to the previous GH¢416.00. The dip, which came on the back of 2,359 shares traded at a value of GH¢945,248, trimmed total market capitalization slightly to GH¢147.65 billion from GH¢147.70 billion on Monday.
Market watchers note that NewGold’s performance is often influenced by global bullion price trends, suggesting that the decline may be linked to shifts in international gold markets.
With no other stock recording a price change, the overall market picture remained subdued, even as the strong year-to-date rally continues to underpin investor sentiment.
