The Ghana Stock Exchange (GSE) witnessed mixed performances on February 5, 2025, as only two stocks, Ecobank Transnational Incorporated (ETI) and NewGold Issuer Ltd (GLD), recorded price gains, while most equities remained unchanged.
Despite these gains, overall trading volume declined significantly comparing Monday, February 3, to Wednesday February 5, 2025.
ETI’ share price increased slightly, rising by 0.02 GHS to close at 0.42 GHS. This banking stock recorded a total of 53,333 shares traded, amounting to a value of 22,399.86 GHS. The financial sector saw moderate gains overall, as reflected in the Financial Stock Index, which climbed to 2,480.18 on Wednesday from 2,463.17 on Tuesday.
GLD emerged as the biggest gainer of the session, rising by 7.50 GHS to close at 427.00 GHS. The gold-backed exchange-traded fund (ETF) has continued to attract investors with a total of 56 GLD shares traded, amounting to a market value of 23,912.00 GHS.
However, the broader market experienced a sharp decline in trading activity compared to the past two days. It turned out that only 266,589 shares were traded on Wednesday, a 73.2% drop from the 996,281 shares recorded on Tuesday.
The GSE Composite Index (GSE-CI) however, slightly improved to 5,232.89 on Wednesday, up from 5,220.77 on Tuesday and 5,227.53 on Monday. The Market capitalization also saw a modest rise, reaching GH₵ 117,561.39 million, representing an increase of GH₵ 503.11 million from the previous session.
Key Highlights
- ETI gained 0.02 GHS, closing at 0.42 GHS, with 53,333 shares traded.
- GLD surged 7.50 GHS, closing at 427.00 GHS, with 56 shares traded.
- Overall trading volume fell by 73.2% from Tuesday, reaching 266,589 shares.
- The GSE Composite Index rose to 5,232.89, while market capitalization increased to GH₵ 117,561.39 million.
- Financial stocks remained stable, with the Financial Stock Index rising to 2,480.18.
