Ghana Stock Market Opens July with a Gentle Dip in Key Index

The Ghana Stock Exchange (GSE) began the new month on a measured note, with a slight slip in its main index and reduced trading activity as investors took a cautious step into July.

At the close of trading on Tuesday, July 1, the GSE Composite Index, which tracks the performance of listed companies across the market, fell by just 2.13 points, closing at 6,246.35. That’s a small drop from the previous day’s 6,248.48. Still, the market remains firmly in positive territory, up by a solid 27.78% since January.

In contrast, financial stocks offered a small boost. The GSE Financial Stocks Index rose slightly by 2.99 points, inching up to 3,373.02, as investor interest in banking and finance stocks continued to hold steady. The sector remains the year’s top performer, with a remarkable 41.68% gain so far.

Among all the stocks listed, GCB Bank PLC was the only one that experienced a price movement on the day. The bank’s share price dipped by GH₵0.10, closing at GH₵9.90, down from GH₵10.00. It was an active stock, with 159,414 shares changing hands, a total transaction value of GH₵1.58 million.

Overall, market activity was noticeably calmer than Monday’s session. Just over 1.38 million shares were traded, worth about GH₵5.02 million, a sharp drop from the nearly 6 million shares and GH₵17 million value recorded the previous day.

The total value of companies on the market, the market capitalization, also dipped ever so slightly, moving from GH₵137.29 billion to GH₵137.27 billion.

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