GSE Indices Extend Gains as Market Capitalization Hits GH¢151.13bn
The Ghana Stock Exchange (GSE) continued its upward trajectory on Monday, with both benchmark indices posting solid gains amid a sharp spike in trading volumes.
The GSE Composite Index advanced to 7,411.94 points, bringing its year-to-date rise to 51.62 per cent, while the Financial Stock Index closed at 3,414.69 points, up 43.43 per cent since the start of the year. Market capitalisation climbed to GH¢151.13bn.
Turnover soared 166.73 per cent to GH¢30.02mn, with volumes traded nearly tripling to 7.84mn shares. The rally was driven largely by MTN Ghana, which accounted for the bulk of trading value at GH¢29.25mn from 7.4mn shares.
TBL, Ecobank Ghana and MTN Ghana led gainers, adding GH¢0.10, GH¢0.10 and GH¢0.02 respectively. Gold-backed exchange-traded fund GLD was the sole decliner, slipping GH¢3.57 to GH¢404.42.
Dividend announcements are set to bolster the upward trajectory further, with payouts due from GOIL, Enterprise Group, Societe Generale Ghana, TotalEnergies, AngloGold Ashanti and Camelot Ghana in August and September.
