Banking Counters Propel GSE-FSI Up 0.80% Despite Broader Market Dip
Trading on the Ghana Stock Exchange (GSE) closed mixed on Tuesday, with the benchmark GSE Composite Index (GSE-CI) shedding 1.03% to close at 8,284.00 points.
In contrast, the Financial Stock Index (GSE-FSI) advanced 0.80% to 4,265.86 points, buoyed by strong performances across key banking counters.
Boosting the market’s gainers’ list, Benso Oil Palm Plantation (BOPP) surged by GH¢2.55 to close at GH¢41.55 per share.
Societe Generale Ghana (SOGEGH) followed with a GH¢0.36 gain to GH¢4.10, while GCB Bank and CalBank subsidiary Clydestone (CLYD) appreciated by GH¢0.30 and GH¢0.03 to settle at GH¢17.80 and GH¢0.33 respectively.
Conversely, losses in MTN Ghana (MTNGH) and CalBank (CAL) weighed on the broader index. MTNGH fell by GH¢0.11 to GH¢4.05, while CAL declined by GH¢0.03 to GH¢0.42, as investor sentiment remained cautious amid the bank’s ongoing rights issue.
MTNGH dominated market activity with 273,577 shares traded, accounting for a turnover value of GH¢510,432.55, the highest for the session.
