Composite Index Holds Steady as Market Capitalization Rises
The Ghana Stock Exchange (GSE) closed the trading session with the Composite Index remaining unchanged at 6,099.60 points, maintaining its 24.77% Year-To-Date (YTD) return. Similarly, the Financial Stock Index held steady at 3,060.79 points, reflecting a 28.56% YTD return.
Despite the flat indices, market capitalization climbed by GHS 29.89 million, reaching GHS 135.57 billion, driven by increased trading activity. The volume of shares traded surged by 483.82% to 670,196 shares, translating into a total trade value of GHS 3,078,727.93.
Top Performers & Market Movers
GLD emerged as the sole gainer, adding GH¢10.31 to close at GH¢469.10.
MTN Ghana (MTNGH) led the top five traded equities, exchanging 346,659 shares worth GHS 1,064,139.10.
Other actively traded stocks included GCB Bank, Ecobank Transnational Incorporated (ETI), CAL Bank, and Guinness Ghana Breweries Limited (GGBL).
The steady performance of the indices, coupled with a rise in market activity, signals sustained investor interest in key equities. Analysts anticipate further market movements as trading volume remains robust.
