Ghana stocks opened unchanged during opening bells on Tuesday (June 8), and remained flat to close the session after African markets ended mixed.

In the aggregate, 10 GSE listed equities participated in trading. There were no gainers nor losers.

Some major equities share prices that remained unchanged are as follows: MTN Ghana started and ended the day with a share price of GHS0.90; Cal bank share price remained at GHS0.80; Total also opened and closed at GHS4.10; Access Bank PLC moreover, opened and closed at GH¢2.29; Societe Generale Ghana PLC closed the session at GHS1.19. Tullow Oil Company also did not see any change in share price of GHS11.92. Ecobank Transnational Incorporated (ETI) also opened and closed at GH¢0.18.

At the end of Tuesday’s trading session on the Ghana Stock Exchange (GSE), a total of 8,155 shares, corresponding to a market value of GHS 11,206.90, were traded.

In the intervening time, MTN Ghana recorded the highest volume of 3,124 traded shares on the day. This was followed by CAL Bank at 1,359 traded shares. Total Petroleum Ghana and Access Bank PLC secured 1,140 and 800 traded shares respectively.

Benchmark Index Remains the Same

Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) did not see any change, closing at the same mark as it opened at 2,550.98 points, representing a 1-week loss of 0.15 per cent, a month on month loss of 5.02 per cent, and an overall year-to-date loss of 8.55 per cent.

Meanwhile, Analysts predicted that the level of 2,600 points will be a key support to watch out for going ahead of the remaining days of the week.

Similarly, the GSE Financial Stocks Index (GSE-FSI) also maintained its value at 2,185.64 points, making it a week on week loss of 0.32 per cent, a month on month loss of 1.07 per cent, and a year-to-date gain of 1.57 per cent.

The market capitalization of the Ghana Stock Exchange, however, plummeted by GH¢100 million to settle at GHS 62.2 billion.