GSE Gains as Trading Volume Surges Nearly 90%, YTD Return Hits 9.84%
Ghana’s benchmark stock index extended gains on Monday, with the GSE Composite Index rising 18.17 points to close at 5,369.51 points, bringing its year-to-date (YTD) return to 9.84%. The GSE Financial Stock Index also advanced 13.42 points to 2,567.22 points, reflecting a 7.83% YTD return.
Despite the uptick in equities, market capitalisation declined by GHS 714.15 million to GHS 120.60 billion, as losses in select stocks weighed on overall valuation.
Trading Volumes Soar Amid Renewed Investor Activity
Turnover on the Ghana Stock Exchange surged, with the volume of shares traded soaring 89.63% to 1,138,499 shares, up from 600,391 in the previous session.
The total value of shares traded edged 2.46% higher to GHS 7.87 million, compared to GHS 7.68 million the day before.
Stock Performance: ETI Rises, GLD Retreats
- Ecobank Transnational Incorporated (ETI) advanced GHS 0.03, closing at GHS 20.50, as investors showed renewed interest in financial stocks.
- NewGold ETF (GLD), however, declined GHS 2.72 to GHS 433.00, tracking a weaker session for gold-backed assets.
MTN Ghana Leads Trade Activity
MTN Ghana (MTNGH) dominated trading, accounting for the bulk of market turnover, with 1,031,781 shares exchanged, valued at GHS 2.89 million. Other actively traded stocks included IIL, ETI, GLD, and DASPHARMA, though their volumes remained significantly lower.
The session’s strong trading activity suggests a renewed appetite for equities, particularly within the telecom and financial sectors, amid broader market stabilisation.
