Trading on the Ghana Stock Exchange (GSE) jumped on Tuesday 3 November, with 12.13 million shares worth GHS42.33 million changing hands. On Monday, 503,067 shares worth GHS2.95 million were traded.
Volume was about 24 times Monday's level and value more than 14 times higher. Most of the activity was in two counters. Ecobank Transnational Inc. (ETI) accounted for 10.12 million shares, or 83.46% of volume, while GCB Bank generated GHS26.02 million, or 61.48% of value.
Together, ETI and GCB made up GHS36.70 million, or 86.69% of the value traded.
The heavy trading did not lift prices. ETI closed unchanged at GHS1.44. GCB volume rose from 610 shares to 619,400, but its price slipped GHS0.07 to GHS42.01.
Unilever Ghana was the top gainer, rising GHS3.50, or 8.86%, to GHS43.00, though only 529 shares were traded. TotalEnergies Marketing Ghana was the biggest loser, falling GHS2.51, or 6.28%, to GHS37.48. MTN Ghana fell GHS0.13, or 1.93%, to GHS6.62 on 518,113 shares worth GHS3.43 million.
SIC Insurance fell 2.80% to GHS4.86 and Fan Milk eased GHS0.01 to GHS13.98. Kasapreko rose GHS0.01 to GHS1.81 and Enterprise Group gained GHS0.10 to GHS8.50.
On the Ghana Alternative Market, Intravenous Infusions traded 98,679 shares worth GHS54,518. It is not known who was behind the large ETI and GCB trades.