Trading on the Ghana Stock Exchange midweek session saw renewed investor participation and notable price movements in three key stocks: Scancom PLC (MTNGH), Societe Generale Ghana PLC (SOGEGH), and NewGold (GLD) ETF.
The day’s trading volume reached 341,936 shares, significantly higher than the previous day’s 175,461, while the total market value surged to GH¢15.2 million, the highest recorded so far this week. This uptick in trading activity contributed to a rise in the market capitalization, which closed at GH¢135.97 billion.
Key Stock Movers:
- Societe Generale Ghana PLC (SOGEGH) led the gainers with a 10% increase, closing at GH¢1.76, up from GH¢1.60. The stock saw 18,951 shares traded, generating GH¢33,353.76 in value, with strong demand driving it to its intraday high of GH¢1.76.
- Scancom PLC (MTNGH) posted a marginal increase of GH¢0.02, ending the session at GH¢3.02 from GH¢3.00. With a trading volume of 9,287 shares, it accounted for GH¢28,024.00 in total turnover.
- NewGold (GLD) ETF was the day’s only major decliner, falling GH¢3.05 to close at GH¢450.45. Despite the dip, it remained the highest value stock of the session with 33,091 units traded, translating to a massive GH¢14.9 million in value.
Other Actively Traded Stocks (Above 1,000 Shares):
- Ecobank Transnational Inc. (ETI) remained flat at GH¢0.88 with a high trading volume of 199,183 shares, totaling GH¢175,281.04.
- CalBank PLC (CAL) also traded flat at GH¢0.65, moving 79,636 shares worth GH¢51,763.40.
Market Indices Movement:
The GSE Composite Index (GSE-CI) rose by 30.47 points, from 6,065.10 to 6,095.57, indicating continued market optimism. The GSE Financial Stocks Index (GSE-FSI) also gained 12.83 points, closing at 3,112.17.
These movements bring the year-to-date performance of the composite index to 24.69%, while financial stocks have returned 30.72% since the beginning of the year.
With Thursday, May 1, marked as a public holiday, markets will remain closed.
