The Ghana stock market held its ground on the first day of the week, Monday 30th January, 2023 with a day to the end the month and ended the day in the mixed zone with its benchmark temporarily declining.

Traders engaged selectively in some profit taking while some investors also went on buying spree resulting in a gain and a loss in the Ghana Stock Exchange (GSE) at the end of the trading session.

In the aggregate, 10 GSE listed equities participated in trading, ending with only one gainer, namely TotalEnergies Marketing Ghana, with 1.25 percent share price appreciation and also one loser, namely MTN Ghana with 6.82 percent share depreciation.

TotalEnergies Marketing Ghana (TOTAL) closed its trading day (Monday, January 30, 2023) at GHS4.06 per share on the Accra bourse, recording a 5 pesewa gain over its previous closing price of GHS4.01. TotalEnergies began the year with a share price of GHS4.00 and has since gained 1.5 percent on that price valuation, ranking it third on the GSE in terms of year-to-date performance.

TotalEnergies Marketing Ghana is the seventh most traded stock on the Ghana Stock Exchange over the past three months (Oct 27, 2022 – Jan 30, 2023). TOTAL has traded a total volume of 416,878 shares valued at GHS 1.67 million over the period, with an average of 6,617 traded shares per session. A volume high of 229,575 was achieved on December 23, 2022 for the same period.

The only loser on the other hand was the telecommunication giant MTN Ghana. MTN Ghana (MTNGH) also closed its trading day (Monday, January 30, 2023) at GHS0.82 per share on the Ghana Stock Exchange, recording a 6 pesewa drop from its previous closing price of GHS0.88. MTN began the year with a share price of 0.88 GHS but has since lost 6.82% off that price valuation, ranking it 35th on the GSE in terms of year-to-date performance.

However, MTN Ghana is the number one most traded stock on the Ghana Stock Exchange over the past three months (Oct 27, 2022 – Jan 30, 2023). MTNGH has traded a total volume of 30.6 million shares valued at GHS 26.9 million over the period, with an average of 485,899 traded shares per session. A volume high of 13.1 million was achieved on 23rd December, 2022 and a low of 100 on January 10, 2023 for the same period.

GSE Composite Index

Meanwhile, Monday’s performance resulted in the benchmark GSE Composite Index (GSE-CI) plummeting 70.12 (-2.89%) points to close at 2,359.43 points, representing a 1-week loss of 3.08 percent, a 4-week loss of 3.47 percent, and an overall year-to-date loss of 3.46%.

On the flip side, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,040.96 points, making it a 1-week loss of 0.2 percent, a 4-week loss of 0.59%, and a year-to-date loss of 0.57%.

At the end of the first weekday of trading on the Ghana Stock Exchange (GSE), a total of 297,602 shares, corresponding to a market value of GHS 495,978.59, were traded. Compared with the previous GSE trading day (Friday, January 27), Monday’s data showed 892% improvement in turnover.

Ghana Oil Company recorded the highest volume of 142,297 traded shares, followed by MTN Ghana (102,831), TotalEnergies Marketing Ghana (41,152) and Cocoa Processing Company (8,013).

The current market capitalization of the Ghana Stock Exchange is GHS 63.8 billion.