GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH
The Ghana Stock Exchange (GSE) closed Monday’s session on a positive note, with the Composite Index advancing to 8,168.35 points, reflecting a year-to-date (YTD) return of 67.09%. The Financial Stock Index also edged higher to 3,799.31 points, translating into a 59.58% YTD gain.
Total market capitalisation improved to GH¢162.59 billion, despite a significant dip in trading activity. A total of 1,016,588 shares changed hands, representing a 50.82% decline from the previous session, with the trades valued at GH¢4,000,599.32.
Market performance was buoyed by price gains in Fan Milk Limited (FML), Ecobank Transnational Incorporated (ETI) and Société Générale Ghana (SOGEGH), which closed at GH¢5.35, GH¢0.91 and GH¢2.05 respectively. Conversely, Republic Bank Ghana (RBGH) lost GH¢0.01 to settle at GH¢1.19.
MTN Ghana (MTNGH) dominated trading, accounting for 548,107 shares valued at GH¢2,384,265.45. Other actively traded stocks included FML, ETI, CAL Bank (CAL) and RBGH.
Analysts note that while gains in selected counters sustained the market’s upward trajectory, the marked slowdown in activity points to cautious investor sentiment ahead of upcoming macroeconomic data releases.
