Ghana Stock Exchange Kicks Off Trading Week on Bullish Note as MTN Gains, GLD Declines
The Ghana Stock Exchange (GSE) opened the first trading week of May on a bullish footing, with the benchmark GSE Composite Index (GSE-CI) climbing 74.65 points to close at 6,288.99 points. The gain extends the index’s year-to-date (YTD) return to an impressive 28.65%.
Market capitalisation surged by GH¢919.05 million, settling at GH¢138.69 billion, bolstered largely by price gains in telecom giant MTN Ghana (MTNGH). The telco’s stock advanced by 7 pesewas to GH¢3.19, contributing significantly to the market’s positive trajectory.
In contrast, the Financial Stock Index (GSE-FSI) closed unchanged at 3,129.19 points, preserving a robust YTD return of 31.43%.
Despite the upbeat index performance, market activity cooled, with total volume traded falling by 5.61% to 1,262,596 shares. However, trade value spiked 78.65% to GH¢14.78 million, reflecting high-value transactions in select equities.
MTNGH dominated trading volumes with over 1 million shares changing hands, valued at GH¢3.2 million. Other actively traded counters included Fan Milk Limited (FML), Ecobank Transnational Incorporated (ETI), and Gold ETF (GLD).
Despite appearing in the top traded list, GLD slipped GH¢2.58 to GH¢438.50, registering as the session’s top decliner.
The top five traded equities by volume were:
MTNGH: 1,001,915 shares (GH¢3.2 million)
FML: 160,425 shares (GH¢609,615)
ETI: 51,124 shares (GH¢46,012)
GLD: 24,861 shares (GH¢10.9 million)
DASPHARMA: 13,000 shares (GH¢4,940)
