The Ghana Stock Exchange (GSE) closed midweek trading with minimal price changes across most equities, as NewGold (GLD) stood out with a notable decline. The market saw continued low trading activity, with the GSE Composite Index (GSE-CI) remaining unchanged at 5,277.85 points.
Market Summary
The broader market saw muted price movements, reflecting cautious investor sentiment. The GSE market capitalization closed at GH¢118.45 billion, slightly lower than the previous session.
Trading activity, however, showed a declining trend over the past three sessions:
- Monday, February 10: 449,226 shares traded.
- Tuesday, February 11: 166,172 shares traded.
- Wednesday, February 12: 139,005 shares traded.
Key Stock Movements
NewGold (GLD) Slips Amid Market Stability
The biggest move of the session came from NewGold Issuer Ltd. (GLD), which fell by GH¢6.60 (-1.52%) to close at GH¢426.40.
Top Traded Stocks
- MTN Ghana (MTNGH): 48,450 shares traded, closing flat at GH¢2.76.
- Societe Generale Ghana (SOGEGH): 85,567 shares exchanged, maintaining its price at GH¢1.50.
- DASPHARMA: Registered a total of 2,533,000 shares traded, remaining unchanged at GH¢0.38.
Despite notable trading activity in these stocks, prices remained steady, signaling a market lacking strong directional momentum.
