• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, June 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

GSE Closes First Weekday with a Sharp Decline in Trade Volume

July 16, 2024
Stephen M.Cby Stephen M.C
in Securities/Markets
0
GSE Prime Index Holds Steady, Reflecting Stability in GSE

The Ghana Stock Exchange (GSE) experienced a significant drop in trading activity on the first weekday of the trading week.

A total of 24,036 shares were traded, equating to a market value of GHS 36,721.77. This marks a sharp 96% decline in both volume and turnover compared to the previous trading day, Friday, July 12. This drastic reduction in trading activity raises questions about market sentiment and investor behavior on the GSE.

The GSE opened the week with 16 listed equities participating in trading. Despite the low overall trading volume, the NewGold ETF managed to stand out as the sole gainer, appreciating by 0.86% in share price.

RelatedPosts

The Market Voting With Its Wallet!– Analyst Slams Gov’t Over T-Bill Shortfall

GSE Ends Week on a High Note Despite Trade Slump

Institutional Shift to BoG’s Bill Mutes Secondary Bond Market– Analyst Unpacks Trends

This suggests that while the market faced widespread inactivity, certain assets still managed to attract investor interest. The NewGold ETF, known for its stability and appeal as a hedge against market volatility, likely benefited from investors seeking safer assets amidst uncertain trading conditions.

Enterprise Group emerged as the leader in trading volume, with 13,736 shares changing hands. This was followed by MTN Ghana with 3,075 shares, Ghana Oil Company with 1,898 shares, and CalBank with 1,183 shares.

The dominance of these companies in trading volume indicates their strong presence and investor confidence in these firms, even during a period of reduced market activity. Enterprise Group’s substantial share of the trading volume highlights its pivotal role in the GSE and its continued attractiveness to investors.

Benchmark GSE Composite Index

In terms of market indices, the benchmark GSE Composite Index (GSE-CI) showed no change, closing at 4,086.54 points. Despite the day’s low trading activity, the GSE-CI maintained its levels, reflecting a 1-week gain of 3.53%, a 4-week gain of 8.47%, and an overall year-to-date gain of 30.55%.

This stability in the index suggests that the underlying fundamentals of the market remain strong, even if short-term trading volumes are volatile. The consistency in the GSE-CI also indicates that the market has been able to retain its value over a longer period, providing some reassurance to investors.

The GSE Financial Stocks Index (GSE-FSI) also held steady, closing at 2,083.94 points. The index saw a 1-week loss of 0.6%, a 4-week loss of 0.66%, but a year-to-date gain of 9.59%.

The mixed performance of the GSE-FSI reflects the varied fortunes of the financial sector on the GSE. While the sector has faced short-term challenges, its overall performance year-to-date remains positive. This highlights the resilience of financial stocks in the face of market fluctuations.

The current market capitalization of the Ghana Stock Exchange stands at GHS 88.9 billion. Despite the low trading volumes, the substantial market capitalization indicates the significant value of listed companies on the exchange. This figure underlines the importance of the GSE in Ghana’s economy and its role in facilitating capital formation and investment.

The sharp decline In trading volume and turnover on the GSE’s first weekday raises several considerations. Firstly, it may reflect a temporary lull in investor activity, possibly due to broader economic factors or specific events influencing market sentiment.

Investors might be adopting a wait-and-see approach, holding off on trades until clearer signals emerge. Additionally, the significant drop in trading activity could also be attributed to external factors such as global market trends, economic data releases, or geopolitical events that influence investor confidence.

For market participants and observers, it is essential to monitor these trends closely. While the day’s low trading volumes may seem concerning, the stability of market indices and the continued investor interest in key stocks like Enterprise Group and MTN Ghana provide some reassurance.

The GSE’s ability to maintain its value and demonstrate resilience in its indices suggests that, despite short-term fluctuations, the market retains underlying strength.

The Ghana Stock Exchange’s first weekday of trading witnessed a sharp decline in volume and turnover, but the stability in market indices and continued interest in leading equities offer a balanced perspective.

READ ALSO: State Asset Mismanagement, A Call for Accountability

Tags: Composite IndexEnterprise GroupGSEGSE financial indexVolume
Please login to join discussion
Previous Post

President Akufo-Addo Touts Major Infrastructure Achievements

Next Post

Davido Serenades Wizkid on His 34th Birthday

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Yaw Boafo Esq., Lawyers, Behaviour
General News

Former GBA President Calls for Sanctions Against Disorderly Lawyer-Politicians

June 23, 2025
Trump Demands Iran’s ‘Unconditional Surrender’
Asia

Iran Hits US Military Base In Qatar

June 23, 2025
Bawumia camp fakes NPP support
General News

Kennedy Agyapong Camp Shrugs Off Bawumia Endorsements

June 23, 2025
Coalition of Concerned Nzema People, Committee, Land
General News

CCNP Accuses Government Over Land Issues Surrounding Petroleum Hub’s Project

June 23, 2025
trawl-vessels
General News

Fisheries Ministry Announces 2025 Closed Fishing Season 

June 23, 2025
Absa Bank Champions Digital Adoption for Financial Inclusion in Ghana
Banking

Absa Bank Champions Digital Adoption for Financial Inclusion in Ghana

June 23, 2025
Yaw Boafo Esq., Lawyers, Behaviour
General News

Former GBA President Calls for Sanctions Against Disorderly Lawyer-Politicians

by Silas Kafui AssemJune 23, 2025
Trump Demands Iran’s ‘Unconditional Surrender’
Asia

Iran Hits US Military Base In Qatar

by Comfort AmpomaaJune 23, 2025
Bawumia camp fakes NPP support
General News

Kennedy Agyapong Camp Shrugs Off Bawumia Endorsements

by Lilian AhedorJune 23, 2025
Coalition of Concerned Nzema People, Committee, Land
General News

CCNP Accuses Government Over Land Issues Surrounding Petroleum Hub’s Project

by Silas Kafui AssemJune 23, 2025
trawl-vessels
General News

Fisheries Ministry Announces 2025 Closed Fishing Season 

by Evans Junior OwuJune 23, 2025
Absa Bank Champions Digital Adoption for Financial Inclusion in Ghana
Banking

Absa Bank Champions Digital Adoption for Financial Inclusion in Ghana

by Stephen M.CJune 23, 2025
Yaw Boafo Esq., Lawyers, Behaviour
Trump Demands Iran’s ‘Unconditional Surrender’
Bawumia camp fakes NPP support
Coalition of Concerned Nzema People, Committee, Land
trawl-vessels
Absa Bank Champions Digital Adoption for Financial Inclusion in Ghana
[/vc_row_inner]

Recent News

  • Former GBA President Calls for Sanctions Against Disorderly Lawyer-Politicians
  • Iran Hits US Military Base In Qatar
  • Kennedy Agyapong Camp Shrugs Off Bawumia Endorsements
  • CCNP Accuses Government Over Land Issues Surrounding Petroleum Hub’s Project
  • Fisheries Ministry Announces 2025 Closed Fishing Season 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.