Ghana Stock Exchange turnover surged to GH¢16.33 million on the first trading day of July, more than doubling from the previous session as investors returned to the market with renewed appetite, although gains were far from broad based.
By the closing bell on Wednesday, July 1, investors had traded 5.62 million shares, a sharp jump from the 2.17 million shares exchanged during the previous session.
Market turnover climbed by 105.70%, rising from GH¢7.94 million to GH¢16.33 million, underlining a much stronger start to the month.The figures, however, tell another story. Trading was concentrated in just a handful of stocks.
MTN Ghana once again dictated the pace of trading on the main market. The telecommunications giant recorded 1.99 million shares valued at GH¢12.57 million, accounting for almost 77% of the total value traded during the session.
Despite attracting the largest investor interest, the stock closed lower. MTN Ghana shed GH¢0.10 to finish at GH¢6.31 from GH¢6.41 in the previous session, suggesting that some investors took advantage of recent gains to lock in profits.
Kasapreko PLC followed as the second most active counter, with 996,243 shares worth GH¢1.87 million changing hands.
Its share price remained unchanged at GH¢1.88.Together, the two companies generated nearly 89% of the day's market turnover, leaving the rest of the market to compete for a relatively modest share of trading activity.
Mixed Performance Across Counters
Activity on the Ghana Alternative Market received a boost from Intravenous Infusions PLC, where two million shares valued at GH¢380,000 were traded.
The stock held steady at GH¢0.18.CAL Bank also attracted significant investor interest, recording 532,119 shares worth GH¢418,622.94, while maintaining its closing price of GH¢0.78.
Price movements elsewhere painted a mixed picture.Clydestone Ghana emerged as the session's strongest performer, gaining GH¢0.15 to close at GH¢3.10 after a relatively small volume of 2,800 shares was traded.
On the losing side, Republic Bank Ghana posted the steepest decline, dropping GH¢0.39 to GH¢4.00. GOIL slipped by GH¢0.05, while Ecobank Transnational Incorporated and Fan Milk PLC each lost GH¢0.04. Guinness Ghana Breweries also edged lower by one pesewa to close at GH¢11.98.
Liquidity Improves Despite Cautious Pricing
Several heavyweight counters ended the day unchanged, including GCB Bank, Ecobank Ghana, Enterprise Group, Access Bank Ghana, SIC Insurance, Societe Generale Ghana, TotalEnergies Marketing Ghana, Unilever Ghana and ZEN Petroleum Holdings PLC.
GCB Bank traded shares worth GH¢104,551, while Ecobank Ghana recorded transactions valued at more than GH¢247,000. Enterprise Group also maintained its previous closing price after trades worth nearly GH¢231,000.
The first trading session of July reflected stronger liquidity and renewed investor participation, even if price gains were selective.
Higher turnover suggests confidence remains in the market, but Wednesday's session also showed that investors continue to favour a small group of highly liquid stocks while adopting a more cautious approach toward the broader market.
READ ALSO: Bank of Ghana Withdraws GH¢11.39bn Through Central Bank Bills to Manage Liquidity
