GSE Opens Week Positive as Financial Stocks Lift Market Indices
The Ghana Stock Exchange (GSE) began the week on a positive note, buoyed by gains across several financial counters.
The benchmark GSE Composite Index (GSE-CI) advanced by 0.14% to close at 8,379.00 points, while the Financial Stock Index (GSE-FSI) climbed 0.38% to 4,113.81 points, reflecting improved investor sentiment in the banking sector.
Banking Stocks Lead Gains
Key advancers on the day included CLYD (+GH¢0.02 to GH¢0.24), EGH (+GH¢0.04 to GH¢14.04), EGL (+GH¢0.01 to GH¢3.41), GCB (+GH¢0.01 to GH¢15.65), GOIL (+GH¢0.02 to GH¢2.53), SCB (+GH¢0.10 to GH¢29.10) and SOGEGH (+GH¢0.28 to GH¢3.08).
Their combined performance lifted the broader market indices and reinforced the financial sector’s role as a key driver of equity market performance in recent weeks.
On the downside, CAL Bank (CAL) declined by GH¢0.08 to close at GH¢0.72, emerging as the session’s sole laggard.
Market Activity
MTN Ghana (MTNGH) dominated trading activity with 275,584 shares changing hands, valued at approximately GH¢257,584.00.
Market analysts note that the day’s upturn was supported by renewed investor confidence in high-cap financial stocks, amid expectations of improved third-quarter earnings results across the banking sector.
