GSE: A Session of Shallow Trade Marks the Return of Rising Index for the Local Bourse

Thursday saw the benchmark of the Ghana stock market register a new high for the new year on moderate daily gains that changed the earlier picture of negligible losses in a session of rather shallow trade at Accra bourse.

The main Index was able to turn the tables in the closing stages of the trading session, with rising stocks narrowly edging out the losers.

The Ghana Stock Exchange (GSE) general index closed at 2,438.74 points, adding 0.11 points to Wednesday’s 2,438.63 points. However, on the week-on-week basis, the index contracted by 0.21 percent and a further monthly loss of 0.89 percent. The bourse also registered an overall year-to-date loss of 0.21 percent to close the session.

The Banking Index

In the intervening time, the bank index remained unchanged. It maintained its value at 2,047.15 points, making it a week-on-week loss of 0.27 percent, a 4-week loss of 1.43 percent, and a year-to-date loss of 0.27 percent.

In total, out of the nine stocks that participated in trading, one (1) stock enjoyed gains, while none endured losses and eight (8) remained unchanged.

TotalEnergies Marketing Ghana was the only gainer with 0.25 percent share price appreciation. TotalEnergies is traded on the GSE under the ticker symbol “TOTAL”.

TOTAL closed its trading day (Thursday, January 12, 2023) at GHS4.01 per share on the Ghana Stock Exchange, recording a pesewa gain over its previous closing price of GHS4.00.

The oil marketing company is the sixth most traded stock on the Ghana Stock Exchange over the past three months (Oct 11, 2022 – Jan 12, 2023). TotalEnergies Marketing Ghana has traded a total volume of 399,011 shares valued at GHS 1.6 million over the period, with an average of 6,334 traded shares per session. A volume high of 229,575 was achieved on December 23, 2022 for the same period.

TotalEnergies Marketing Ghana is currently the 17th most valuable stock on the GSE with a market capitalization of GHS 449 million, which makes about 0.695% of the Ghana Stock Exchange equity market.

By the close of session on the Ghana Stock Exchange, a total of 9,645 shares changed hands. This amounted to a market value of GHS 11,700.23.

The market capitalization in Thursday’s trade remained unchanged at GHS 64.6 billion.

READ ALSO: UBA Ghana Takes Pride In Scoring Above 80% In KPMG’s Retail Customer Experience Survey – Chris Ofikulu