Local bourse records 1,712% and 1,389% rise in trading volume and value on Tuesday


The Ghana Stock Exchange on Tuesday witnessed an impressive trading session marked by a notable surge in both trading volume and value.

A total of 221,334 shares were exchanged among sixteen equities, reflecting transactions valued at GH¢393,553.46.

These figures translate to a remarkable 1712.58% surge in trading volume and an equally impressive 1389.36% uptick in trading value, in comparison to the previous day’s trading.

Standing as the dominant equity in trading, Scancom Plc. (MTNGH) commanded a considerable share of the day’s trading.

With a transaction volume of 195,034 shares valued at GH¢292,551.00, MTNGH contributed a substantial 74.34% to the total traded value. Close on its heels, EGH exhibited its resilience, trading 8,041 shares valued at GH¢38,596.80.

On the flip side, ETI, though a significant player, recorded the lowest volume traded within the top five equities, amassing a trade value of GH¢509.85.

 This dynamic trading environment translated into divergent trajectories for equity prices. Riding the wave of momentum, TOTAL posted a gain of GH¢0.71, culminating in a closing price of GH¢7.89.

Conversely, EGH experienced a setback of GH¢0.10, closing at GH¢4.80 as the trading day concluded. The gain in equities collectively resulted in an impressive GH¢47.18 million increase in market capitalization, culminating in a robust GH¢72.97 billion for the local bourse.

The GSE-Composite Index which is the benchmark index of the exchange, surged by 4.34 points, concluding the session at a robust 3,058.98 points and reflecting a noteworthy Year-to-Date gain of 25.17%.

However, the Financial Stocks Index experienced a dip, retreating by 5.60 points to settle at 1,697.51 points yielding a Year-to-Date return of -17.79%.

SOURCE: norvanreports

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