Ghana Stock Exchange Extends Rally as Investor Optimism Holds
The Ghana Stock Exchange (GSE) opens the week on a strong footing, with the benchmark GSE Composite Index (GSE-CI) posting a 24.97% year-to-date (YTD) return, signaling continued investor confidence in local equities.
The GSE-CI begins trading at 6,109 points, while the GSE Financial Stock Index (GSE-FSI), which tracks financial sector stocks, opens at 2,980 points, reflecting a 25.18% YTD gain.
Trading activity remained buoyant last week, with 3.39 million shares changing hands at a total market value of GHS 9.07 million. Market capitalization stood at GHS 135 billion at the close of the week, reinforcing a steady expansion in overall market valuation.
Gainers for the week included Access Bank (ACCESS), CalBank (CAL), Ecobank Transnational Incorporated (ETI), GCB Bank (GCB), Standard Chartered Bank (SCB), and TotalEnergies (TOTAL).
Their share prices closed at GHS 8.00, GHS 0.80, GHS 0.82, GHS 6.59, GHS 1.61, GHS 26.00, and GHS 21.90, respectively.
MTN Ghana (MTNGH) was the sole laggard, ending the week at GHS 3.16.
With strong YTD gains and sustained trading volumes, market sentiment remains positive. Analysts expect equities to extend their rally this week, supported by improving macroeconomic indicators.
