GSE Composite Index Rises as Market Capitalization Hits GHS 133.14 Billion
The Ghana Stock Exchange (GSE) witnessed gains in key indices on Wednesday, with the GSE Composite Index (GSE-CI) climbing 2.03 points to close at 6,043.39 points, pushing its year-to-date (YTD) return to 23.67%.
The Financial Stock Index (GSE-FSI) also advanced by 2.85 points to settle at 2,901.03 points, reflecting a 21.85% YTD return.
The overall market capitalization saw an increase of GHS 43.14 million, reaching GHS 133.14 billion. However, trading activity declined, as the volume of shares traded dropped by 47.99% to 290,131, with a total trade value of GHS 942,728.17.
Among the gainers for the day, SIC Insurance (SIC), Société Générale Ghana (SOGEGH), and NewGold ETF (GLD) saw price increases, closing at GH¢0.39, GH¢1.58, and GH¢437.70, respectively.
MTN Ghana (MTNGH) led the day’s trading activity with 227,639 shares valued at GHS 721,615.63. Other active stocks included CAL Bank (CAL), SIC Insurance (SIC), Société Générale Ghana (SOGEGH), and Ecobank Transnational Incorporated (ETI), rounding up the top five most traded equities.
The performance of the market indicates continued investor interest, particularly in banking and telecom stocks, despite the decline in trading volume.
