Trading on the Ghana Stock Exchange (GSE) fell sharply on Monday 2 November, with 503,067 shares changing hands for GH¢2.95 million, down from 1.31 million shares worth GH¢8.64 million on Friday 30 October.
That is a 61.5% drop in volume and a 65.8% drop in value, according to the exchange's official list as reported by NorvanReports.
MTN Ghana operator Scancom PLC accounted for most of the day's business. It traded 406,216 shares worth GH¢2.74 million, 80.8% of the volume and 92.8% of the value, leaving about GH¢212,127 traded in every other share combined. MTN's price held at GH¢6.75, while its volume fell 50.6% from 821,838 shares on Friday.
Prices barely moved. Of the 18 ordinary shares that traded, 17 closed unchanged. Kasapreko PLC was the only decliner, falling 2.7% to GH¢1.80 from GH¢1.85 on 8,793 shares worth GH¢15,843.87.
SIC Insurance was next by value at GH¢45,935, followed by Ecobank Transnational at GH¢41,790, both unchanged. On the Ghana Alternative Market, Intravenous Infusions PLC was the only share to trade, with 39,306 shares worth GH¢21,618.30 at GH¢0.54, nearly double Friday's 20,346 shares.
Several large listed companies, including AngloGold Ashanti, Tullow Oil, Societe Generale Ghana and Agricultural Development Bank, recorded no trades.