Investors step up trading as GSE activity soars • 34.6m shares change hands

Trading activity on the Ghana Stock Exchange (GSE) surged last week, with over 34.5 million shares exchanged as investors increased their transactions, despite a decline in market indices. According to the weekly trading report, 34.59 million shares were traded, representing a 130.2 percent increase from the 15.03 million shares traded the previous week.

The value of transactions climbed by 77.8 percent, from GH¢93.32 million to GH¢165.94 million. The surge in activity indicates heightened market liquidity, although trading remained concentrated in a limited number of stocks. The GSE Composite Index (GSE-CI) fell 1.37 percent to 14,611.15 points, while the GSE Financial Stocks Index (GSE-FSI) declined 2.69 percent to 7,607.46 points.

Consequently, market capitalisation decreased by 1.52 percent from GH¢280.53 billion to GH¢276.26 billion. Despite the higher trading activity, the average price change for the week was a decline of 5.01 percent. Price movements were mixed, with CPC rising 10 percent, Enterprise Group soaring 7.20 percent, and GCB Bank increasing 6.19 percent.

However, Access Bank saw the largest decline, falling 24.71 percent, while Digicut Production and Advertising and DasPharma declined 17.95 percent and 17.36 percent, respectively. MTN Ghana, GCB Bank, and other leading counters constituted the majority of the liquidity on the exchange, emphasizing the significance of large, actively traded companies to overall market turnover.