GSE Begins Week on Strong Note with 68.98-Point Gain; YTD Return Hits 31.26%
The Ghana Stock Exchange (GSE) commenced the new trading week on a positive trajectory, as the benchmark GSE Composite Index (GSE-CI) advanced by 68.98 points to close at 6,416.45 points, reflecting a robust Year-To-Date (YTD) return of 31.26%.
Similarly, the GSE Financial Stock Index (GSE-FSI) posted a 28.5-point rise to settle at 3,433.84 points, boosting its YTD return to an impressive 44.23%.
The market’s total capitalization expanded by GHS 956.36 million, ending the day at GHS 139.41 billion.
Despite the gains in market indices, trading activity witnessed a sharp decline. The session closed with a total of 814,668 shares changing hands—a steep 99.67% drop compared to the previous session, resulting in a trade value of GHS 1,592,849.46.
ACCESS Bank Ghana and Ghana Oil Company (GOIL) led the day’s gainers, closing at GH¢16.40 and GH¢2.01 respectively. On the flip side, the GLD (NewGold ETF) dipped to GH¢354.76.
SIC Insurance Company emerged as the most actively traded stock, recording a turnover of 333,187 shares valued at GH¢379,833.18. Other notable counters that featured prominently in the top five most traded stocks were MTN Ghana (MTNGH), CAL Bank (CAL), Ecobank Transnational Incorporated (ETI), and Société Générale Ghana (SOGEGH), ranked in descending order by volume traded.
The local bourse’s strong performance reflects sustained investor confidence, underpinned by gains in key stocks and resilience in financial sector equities.
