Ghana Stock Exchange Rebounds Amid Decline in Trading Activity
The Ghana Stock Exchange Composite Index (GSE-CI) staged a modest recovery this week, advancing 0.71% to close at 4,888 points, reversing part of last week’s 2.54% decline.
The Financial Stock Index (GSE-FSI) edged up 0.37% to 2,380 points, maintaining a robust year-to-date return of 25.20%.
Market capitalization rose to GHS 111.37 billion, a marginal increase from GHS 110.70 billion in the prior week.
Despite this recovery, trading activity faltered significantly, with share volumes plummeting 91.88% week-on-week, while turnover dropped 76.48%.
Winners and Losers
Among the gainers, Unilever Ghana (UNIL), Access Bank (ACCESS), and Guinness Ghana Breweries (GGBL) posted notable price increases, closing at GHS 19.50, GHS 5.20, and GHS 19.50, respectively.
Conversely, the NewGold ETF (GLD) shed GHS 9.71, ending the week at GHS 391.29.
Trading Dynamics
MTN Ghana dominated volumes, with 936,445 shares changing hands, generating GHS 2.34 million in turnover.
Meanwhile, the NewGold ETF led in value, trading 40,669 shares for GHS 15.91 million.
The market’s recovery in indices, despite subdued trading activity, underscores a tentative investor sentiment, with key players focusing on select blue-chip stocks and high-value securities.
