GSE market capitalization declines by 0.23%

The decline in the Ghana Stock Exchange (GSE) Composite Index is as a result of a drop in the share price of MTN Ghana

Trading on the Ghana Stock Exchange (GSE) ended midweek’s session with the GSE Financial Stock Index maintaining its index level since week open at the back of no financial equities recording no price changes.

The index level sealed the day at 1,623.20 points and a yield of -19.63% from year open.

The Composite Index lost 11.74 points (-0.64%) to end the day at 1,810.09 points and a year-to-date decline of 19.81%, this index currently records a week loss of 0.18% and a four-week decline of 1.57%.

The decline in the Composite Index is as a result of a drop in the share price of MTN Ghana.

MTN Ghana closed today as the sole laggard on the GSE, trading the highest volume of shares; 34,235, the equity shed a pesewa (-1.64%) to end the day at GHC0.60 per share.

It is also the most traded equity on the floor of the GSE from the beginning of the year with 448,193,929 shares exchanging at GHC273,461,285.

Standard Chartered at GHC15.10 traded the second-highest volume of shares on the exchange with 11,590 shares changing hands.

CAL Bank followed with 6,178 shares at GHC 0.70 per share. Enterprise Group Ltd traded 1,200 shares at GHC5.00 per share.

This also saw trades taking place in GOIL, GCB Bank and Societe Generale. Hence, a total of 53,659 shares traded at a market value of GHC 202,671.00 with seven listed equities participating in trades.

The market capitalization of the GSE pared 0.23% (-GHS 122.90 million) of its opening value of GHC53,118.73 million to close Wednesday’s (19 November 2020) trading session at GHC52,995.83 million.

Bertha Atubiga

Asaase Radio 99.5 – tune in or log on to broadcasts online.

Follow us on Twitter: @asaaseradio995

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