GSE-CI closes 10.63 points higher to close at 2,932.35 points; returns 19.99% YTD
In a day of vibrant trading activity on Wednesday, the Ghana Stock Exchange (GSE) showcased its resilience, delivering a noteworthy 10.63 point surge to close at 2,932.35 points. Investors rejoiced at the substantial 19.99% Year-to-Date (YTD) return, reflecting a renewed confidence in the market’s potential.
Despite the broader positivity, the Financial Stocks Index painted a contrasting picture, registering a gain of 7.39 points to reach 1,715.17 points. However, the YTD return of -16.44% for this segment served as a stark reminder of the challenges faced by financial stocks in the prevailing economic landscape.
As the trading floor buzzed with activity, some standout performers caught the market’s attention. Guinness Ghana Breweries PLC. (GGBL) emerged as one of the day’s prominent winners, gaining GH¢0.23. Societe Generale Ghana PLC. (SOGEGH) wasn’t far behind, rising by GH¢0.06, while TotalEnergies Marketing Ghana Plc. (TOTAL) showcased its strength, earning GH¢0.02 to close at GH¢2.55, GH¢0.73, and GH¢6.72, respectively. The bullish performance of these equities further fueled optimism among investors.
Remarkably, the day saw no decliners, underscoring the overall bullish sentiment pervading the GSE.
As the trading session concluded, the total market capitalization ascended to GH¢71.60 billion, boasting a GH¢115.53 million increase from the previous day. This notable uptick in market capitalization signalled growing investor confidence and a potentially robust economic outlook.
Market participants exhibited a keen interest in several equities, contributing to a total volume of shares traded amounting to 1,575,392. These shares, valued at GH¢4,030,201.38, traversed through thirteen (13) prominent equities on the exchange.
The spotlight, however, fell on Guinness Ghana Breweries PLC. (GGBL), commanding a staggering 97.18% share of the total value traded for the day. A testament to its popularity among investors, GGBL’s activity underscored the significant role it played in driving market momentum.
TotalEnergies Marketing Ghana Plc. (TOTAL) also saw substantial activity, transacting 12,384 shares valued at GH¢83,220.48, further solidifying its position as a significant player in the market. Additionally, MTNGH, ETI, and SOGEGH collectively traded 23,809 shares worth GH¢20,173.11, securing their spots among the top 5 traded equities.
As the day concluded on a positive note, market participants remained cautiously optimistic about future prospects. It is evident that the GSE continues to offer opportunities for investors, despite the volatility present in certain segments.
