"GSE-CI Slips by 37.86 Points Despite Surge in Trading Activity; Market Cap Sheds GHS 380.64m"

GSE-CI Slips by 37.86 Points Despite Surge in Trading Activity; Market Cap Sheds GHS 380.64m

The Ghana Stock Exchange (GSE) Composite Index (GSE-CI) closed lower on Thursday, June 20, 2025, losing 37.86 points to end the session at 6,192.61 points. The index’s Year-to-Date (YTD) return now stands at 26.68%, reflecting a marginal pullback in investor sentiment despite overall bullish performance in the year.

In contrast, the GSE Financial Stock Index (FSI) posted a strong gain of 21.67 points to close at 3,313.60 points, bringing its YTD return to an impressive 39.18%.

Market Capitalization Dips, Trading Volume Soars

Market capitalization declined by GHS380.64 million to settle at GHS136.62 billion, as investors reacted to losses in some heavyweight counters. However, trading activity surged significantly, with a total of 1,512,850 shares changing hands—a sharp 495.30% increase from the previous session.

The day’s trades amounted to GHS7,589,132.99 in total value, buoyed by heightened investor interest in key equities.

ACCESS Leads Gainers; MTNGH, CAL, GLD Drag Market

ACCESS Bank Ghana led the gainers’ chart, closing higher at GHS13.60. However, losses in CAL Bank, MTN Ghana (MTNGH), and the NewGold ETF (GLD) exerted downward pressure on the main index.

MTNGH was the most actively traded stock of the day, exchanging 908,964 shares valued at GHS2,676,818.49. It was followed by GCB Bank, CAL Bank, SIC Insurance, and Ecobank Transnational Incorporated (ETI) in that order.

Outlook

Despite the dip in the benchmark index and market capitalization, the significant jump in trading volumes suggests sustained investor interest in the local bourse. Analysts will be closely watching corporate earnings and macroeconomic indicators for cues on the market’s short-term trajectory.