GSE-CI Opens Week with 39.87-Point Surge; YTD Return Hits 27.85%
The Ghana Stock Exchange (GSE) Composite Index commenced the trading week on a bullish note, gaining 39.87 points to close at 6,250.15 points. This upward movement pushed the benchmark index’s year-to-date (YTD) return to 27.85%.
Similarly, the Financial Stock Index advanced by 24.33 points, closing at 3,347.77 points and registering an impressive YTD return of 40.62%.
Despite the strong performance of the indices, the overall market capitalization dipped by GH¢505.72 million, ending the session at GH¢137.35 billion. The drop in market capitalization is attributable to downward price adjustments in select heavyweight counters.
Market activity saw a sharp increase, with total volumes traded rising by 755.20% compared to the previous session. In total, 2,622,541 shares exchanged hands, amounting to a turnover of GH¢8,040,616.07.
TOTAL and GLD led the pack of gainers, closing higher at GH¢27.50 and GH¢362.05 respectively, signaling renewed investor interest in energy and commodity-linked equities.
MTN Ghana (MTNGH) dominated trading activity for the day, accounting for the bulk of the volume with 2,415,566 shares traded at a total value of GH¢7,122,523.36. Other active counters included Ecobank Transnational Incorporated (ETI), GCB Bank, CAL Bank, and SIC Insurance, which rounded out the top five most traded equities by volume.
The market’s strong start to the week suggests continued investor optimism, particularly in financial and telecom stocks, amidst broader macroeconomic recovery signals.
