GSE Composite Index Climbs 30.47 Points as Market Capitalisation Hits GHS 135.97bn
The Ghana Stock Exchange (GSE) extended its bullish run on the back of gains recorded in select banking and telecom equities, as the benchmark GSE Composite Index (GSE-CI) advanced by 30.47 points to close at 6,095.57 points. This pushed the index’s year-to-date (YTD) return to 24.69%.
The Financial Stock Index (GSE-FSI) also closed higher, rising by 12.83 points to 3,112.17 points, reflecting a YTD return of 30.72%, buoyed by renewed investor interest in financial sector stocks.
Market capitalisation surged by GHS369.34 million to settle at GHS135.97 billion, driven by price appreciations in telecom and banking stocks. Trading activity recorded a sharp rebound, with the volume of shares traded increasing by 94.88% to 341,936 shares. This translated into a total trade value of GHS15.2 million.
MTN Ghana (MTNGH) and Société Générale Ghana (SOGEGH) emerged as gainers for the session, closing at GH¢3.02 and GH¢1.76 respectively. However, the Ghana Stock Exchange-listed gold ETF (GLD) continued its losing streak, closing the session lower at GH¢450.45.
Ecobank Transnational Incorporated (ETI) led trading activity with 199,183 shares valued at GHS175,281.04, topping the volume chart. Other equities that featured in the top five most traded stocks were CAL Bank (CAL), GLD, SOGEGH, and MTNGH, in descending order of trade volumes.
The sustained positive momentum on the market signals strong investor sentiment, especially within the financial and telecom sectors.
