GSE-CI records 24.35 points gain as returns rise to 14.95% YTD
The Ghana Stock Exchange (GSE) witnessed a modest uptick in its benchmark index, the GSE-Composite Index, as it gained 24.35 points, closing at 2,809.39 points. This notable surge represents a year-to-date (YTD) return of 14.95%, underscoring the market’s resilience in the face of prevailing economic conditions. However, the GSE Financial Stocks Index remained stagnant, closing at 1,694.47 points, with a YTD return of -17.45%.
Among the equities that contributed to the positive sentiment on the trading day, Scancom PLC (MTNGH) stood out, registering a gain of GH¢0.02 to close at GH¢1.32. The telecommunications firm’s performance reflects investor confidence in its growth prospects and strategic initiatives.
Meanwhile, despite the overall market optimism, there were no decliners on this particular trading day, signaling a buoyant market sentiment. Market participants remained focused on seizing opportunities for potential gains.
The total market capitalization settled at a substantial GH¢70.25 billion, emphasizing the robustness of the Ghanaian stock market and the underlying investor confidence.
Trading activity saw a volume of 762,562 shares valued at GH¢505,733.67, spread across a selection of eleven equities. CAL Bank PLC (CAL) took the lead in terms of volume, contributing 704,578 shares valued at GH¢422,746.80, representing an impressive 83.59% of the total value traded. Following closely was Ecobank Transnational Inc. PLC (ETI), with 5,990.10 shares traded at GH¢3,879.48, accounting for 1.18% of the total value traded.
The stock market continues to be an avenue for investors seeking growth opportunities, with notable performances from specific stocks and a sustained overall positive trend. Market participants remain watchful for further developments as they navigate the dynamic financial landscape.
