GSE: Benchmark Indices Gain 2.20% as Market Cap Climbs to GHS 103.7Bn, YTD Return Hits 47.8%
The Ghana Stock Exchange Composite Index (GSE-CI) surged by 2.20% this week, rising from 4,529.30 points to 4,629.10 points.
This gain nudged the GSE-CI’s year-to-date (YTD) return up to an impressive 47.88%.
Similarly, the GSE Financial Stock Index (GSE-FSI) climbed by 2.22% to end the week at 2,289.72 points, boosting its YTD return to 20.41%.
In market cap terms, the total value of listed stocks increased to GH¢103.76 billion, up from GH¢101.94 billion last week.
Trading activity, however, saw a significant downturn as the volume of shares traded dropped by 58.13% week-over-week, while trade turnover contracted sharply by 91.45%.
The top-performing stocks this week included Access Bank Ghana (ACCESS), CalBank (CAL), and MTN Ghana (MTNGH), which closed at GH¢4.75, GH¢0.34, and GH¢2.35, respectively.
On the downside, NewGold ETF (GLD) saw a decline, ending the week at GH¢427.01.
MTNGH led the trading volumes, with 1,476,542 shares exchanged at a total value of GH¢3,398,589.62.
Ending the top five in terms of activity was Enterprise Group Limited (EGL), which traded 15,093 shares, valued at GH¢30,035.07.
