MTN, GCB, ETI, EGL and FML emerged top 5 traded equities on GSE
Equities of MTN, GCB, Ecobank Transnational International (ETI), Enterprise Group Limited (EGL) and FanMilk Limited (FML) emerged the top five (5) traded stocks on the Ghana Stock Market at the close of trading last week.
Total volume traded on the GSE last week was 4.43 million shares which represent a 29.24% increase compared to the previous week.
Also, total value traded was GH¢5.84 million representing a 72.08% increase from the previous week.
The GSE’s market capitalization increased to close the week at GH¢63.43 billion on the back of recorded gains in nine (9) equities.
MTN closed the week as the most traded stock accounting for 92.8% of total value traded with a traded value of Ghs 5.4 million. Total volume traded of the stock at the end of the week also amounted to 4,303,207.
GCB, ETI and EGL recorded total volume and value traded of 22,332 and Ghs 120,396; 21,207 and Ghs 1,484; 15,410 and Ghs 31,928 respectively.
FML which was the fifth most traded stock recorded volume and value trade of 14,200 and Ghs 24,440 respectively.
Meanwhile, the Ghana Stock Market at the close of the week gained 46.81 points to close the week with a YTD return of 44.23%.
The benchmark GSE Composite Index (GSE-CI) closed the week at 2,800.36 whereas the GSE Financial Stock Index (GSE-FSI) also made a gain of 29.40 points to close the week at 1,959.18 translating into a YTD return of 9.90%.
Details of the Daily Equity Market report of SIC Brokerage: