Market Value of Ghana Stock Exchange Reaches GHS 90bn For The First Time; Returns On Equities Hit 34%
The Ghana Stock Exchange (GSE) Composite Index saw a notable ascent of 109.96 points, closing at 4,195.72 points and reflecting a year-to-date (YTD) return of 34.04%.
The GSE Financial Stocks Index also experienced an uptick, rising to 2,083.94 points with a YTD gain of 9.59%.
MTN Ghana (MTNGH) advanced by GH¢0.09, ending the session at GH¢2.10. Enterprise Group Limited (EGL) recovered from a previous GH¢0.05 decline, closing higher at GH¢1.37.
This buoyancy in equity prices propelled the market capitalization by GH¢1.20 billion to GH¢90.09 billion with this being the first time the local bourse has reached the GHS 90 billion mark.
From a market capitalisation of GH¢ 6.4 million in 1990, the market capitalisation of the GSE has witnessed a significant and persistent increase over the period to reach the current market value of GHS 90.09bn.
Trade activity on the exchange was robust, with total turnover soaring to GH¢7,277,762.40, an astonishing increase of 6875.84% over the prior day.
Trading volume surged to 5,518,463 shares across twelve counters.
Outstanding offers included Société Générale Ghana (SOGEGH) at GH¢1.55, Guinness Ghana Breweries (GGBL) at GH¢5.17, and Fan Milk Limited (FML) at GH¢3.70.
EGL dominated the volume chart, with 4,744,779 shares changing hands.
