Broad-Based Gains Lift GSE Market Capitalisation by GHS 2.3 Billion in Strong Weekly Close
Momentum on the Ghana Stock Exchange (GSE) strengthened last week, with improved market breadth and an expansion in market capitalisation driving a positive weekly close for equities.
The benchmark GSE Composite Index (GSE-CI) advanced by 165.53 points, representing a 1.88 per cent week-on-week gain, to settle at 8,976.64 points. This performance pushed the market’s year-to-date (YTD) return to 2.35 per cent, up from 0.47 per cent a week earlier.
The GSE Financial Stocks Index (GSE-FSI) outperformed the broader market, rising by 4.37 per cent to close at 4,892.35 points. The strong weekly showing lifted the financial index’s YTD return sharply to 5.28 per cent.
Market capitalisation recorded a notable expansion over the week, increasing by GH¢2.30 billion to close at GH¢178.53 billion, supported by broad-based sectoral gains.
Gainers dominate trading
Trading activity was characterised by strong price appreciation in several counters, led by BOPP and EGH. BOPP gained GH¢3.95 to close at GH¢62.56, while EGH added GH¢2.64 to end the week at GH¢28.89.
Banking and financial stocks also posted gains, with GCB, SOGEGH, CAL, ACCESS, FAB and RBGH all closing the week higher. GCB advanced by GH¢1.84 to GH¢22.00, while SOGEGH rose by GH¢0.44 to GH¢4.93.
In total, eleven equities recorded price gains during the week. TOTAL was the sole decliner, shedding GH¢0.04 to close at GH¢40.25.
Trading activity softens
Despite the positive price performance, trading volumes and values declined week-on-week. Total volume traded fell to 33.35 million shares from 44.20 million shares the previous week, while value traded dropped to GH¢151.30 million from GH¢189.20 million.
MTN Ghana (MTNGH) dominated trading activity, accounting for the highest volume and value, with 29.56 million shares exchanged for a total value of GH¢124.14 million. CAL and GCB followed in terms of volume traded, while SIC and ETI also featured among the top traded equities by value.
Overall, last week’s performance reflects improving investor sentiment, underpinned by renewed interest in financial and selected consumer stocks, as the market continues to build momentum into the new trading year.
