GSE Composite Index Advances as Market Activity Surges Over 7,600%
The benchmark Ghana Stock Exchange (GSE) Composite Index continued its upward trajectory on Tuesday, gaining 31.6 points to close at 6,036.32 points. The market’s year-to-date (YTD) return now stands at an impressive 23.48%.
The Financial Stock Index also recorded gains, advancing by 14.42 points to close at 3,259.24 points, with a strong YTD return of 36.90%.
Total market capitalization rose by GHS420.50 million to settle at GHS134.52 billion, reflecting increased investor confidence and renewed market activity following a sluggish start to the trading week.
Trading volume saw a significant rebound, with 294,897 shares changing hands—representing a staggering 7,654.33% increase over the previous day’s volume. This translated into a total market turnover of GHS1,974,343.40.
GLD emerged as the top gainer for the session, appreciating to GH¢364.70 at market close.
In terms of trade activity, MTN Ghana (MTNGH) led with 198,318 shares traded, valued at GH¢560,101.80. Other actively traded equities included Ecobank Transnational Incorporated (ETI), CAL Bank (CAL), Société Générale Ghana (SOGEGH), and SIC Insurance (SIC), in that order.
Market analysts note the uptick in activity as a positive sign of renewed investor interest, particularly in financial and telecom stocks, which continue to anchor the market’s performance.
