Ghana Stock Exchange sees strong week with GLD leading gains
The Ghana Stock Exchange witnessed a dynamic week of trading, marked by notable gains in key stocks.
GLD took center stage, surging to GH¢353.60, marking a substantial rise of GH¢19.81. Additionally, TOTAL reached a new year high at GH¢9.66, gaining GH¢0.11, while GCB and BOPP also saw gains of GH¢0.06 and GH¢0.01, respectively, closing at GH¢4.56 and GH¢21.56.
This bullish performance contributed to a significant increase in the market’s total value, rising by GH¢85.98 million to reach GH¢84.02 billion compared to the previous week.
MTNGH Dominates Trading Activity
MTNGH emerged as the dominant player in trading activity, topping both volume and value charts.
GCB followed closely, with 100,000 shares traded valued at GH¢456,168.34.
Other significant contributors to trade volume included IIL, ETI, and CAL.
Mixed Trends in Turnover and Volumes
Despite the gains seen in individual stocks, there was a noticeable slump in trade turnover compared to the previous week, with a similar trend observed in total volumes traded.
Meanwhile, the GSE Composite Index experienced a slight uptick, gaining 2.62 points to close at 3,753.69, representing a 0.07% week-on-week increase and a year-to-date gain of 19.92%.
Similarly, the GSE Financial Stock Index rose to 2,052.70 points, marking a 0.13% weekly gain and a 7.95% year-to-date increase.
The week’s trading activity showcased positive momentum in key stocks, underlining investor confidence in the Ghanaian market. Despite fluctuations in trade turnover and volumes, the performance of the GSE indices reflects sustained optimism and resilience.
