The Composite Index (GSE-CI) witnessed a notable upswing during a mixed trading session which was spearheaded by uptick in TotalEnergies Marketing Ghana Plc. (TOTAL) equity shares – which bounced back from previous defeats.
In all, 13 GSE listed equities participated in trading, ending with only one gainer, namely TotalEnergies Marketing Ghana, with 9.48% share price appreciation and also one loser, namely Access Bank Ghana (-2.78%).
TOTAL closed its trading day at GHS6.70 per share on the Ghana Stock Exchange (GSE), recording a massive GHS0.58 gain over its previous closing price of GHS6.12. TotalEnergies began the year with a share price of GHS4.00 and has since gained 67.5% on that price valuation, ranking it second on the GSE in terms of year-to-date performance.
TotalEnergies Marketing Ghana is the 14th most traded stock on the Ghana Stock Exchange over the past three months (Apr 11 – Jul 11, 2023). TOTAL has traded a total volume of 81,154 shares valued at GHS 525,687 over the period, with an average of 1,288 traded shares per session. A volume high of 34,700 was achieved on April 21 for the same period.
On the other hand, the only loser, Access Bank PLC, closed its trading day at GHS3.50 per share on the Ghana Stock Exchange (GSE), recording a 10 pesewa drop from its previous closing price of GHS3.60. Access began the year with a share price of GHS4.01 but has since lost 12.7% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance.
Access Bank Ghana is the 19th most traded stock on the Ghana Stock Exchange over the past three months (Apr 11 – Jul 11, 2023). ACCESS has traded a total volume of 39,068 shares valued at GHS 149,007 over the period, with an average of 620 traded shares per session.
Benchmark Index of the Ghana Stock Exchange
The momentous gain by TOTAL has positively affected the main index. The benchmark index of the Ghana Stock Exchange, the GSE-Composite Index, exhibited positive movement, gaining 4.36 points to close at 2,970.68 points. This notable uptick reflects a year-to-date return of 21.55%.
However, the Financial Stocks Index faced a decline of 3.02 points, closing at 1,685.31 points, with a year-to-date return of -17.89%.
Trading activity witnessed a total volume of 107,295 shares valued at GH¢182,572.03 across thirteen equities. Scancom (MTNGH) emerged as the volume leader, trading 76,500 shares valued at GH¢110,925.00, accounting for an impressive 60.76% of the total value traded. PBC Ltd. (PBC) followed closely, with a trade of 9,680 shares valued at GH¢193.60, representing 0.11% of the total value traded.
The market capitalization experienced a moderate increase, rising by GH¢47.49 million and settling at GH¢72.01 billion.
