GSE Composite Index Slips 0.04% as Market Capitalization Contracts
The Ghana Stock Exchange (GSE) experienced mixed performance last week, as the benchmark GSE Composite Index (GSE-CI) edged lower, declining from 4,381.86 to 4,380.10, registering a marginal weekly loss of 0.04%.
This compares to a 0.20% gain in the previous week, bringing the year-to-date (YTD) return down slightly to 39.93%.
Conversely, the GSE Financial Stock Index (GSE-FSI) advanced from 2,153.83 to 2,190.37, marking a robust 1.70% weekly gain, building on last week’s 0.77%.
The index’s YTD return improved from 13.27% to 15.19%, buoyed by gains in financial stocks.
Market capitalization saw a notable contraction, closing at GH¢92.23 billion, down from GH¢92.66 billion the prior week. Meanwhile, trading activity surged, with both volume and turnover showing a significant uptick.
Leading the week’s gains were GLD and SCB, which closed at GH¢405.90 and GH¢22.10, respectively. On the downside, MTNGH and CAL posted the steepest declines, ending the week at GH¢2.19 and GH¢0.28, respectively.
MTNGH dominated trading, accounting for 266.5 million shares traded, valued at GH¢517.5 million, underscoring its position as the most liquid stock.
GLD followed with 18,743 shares traded, yielding a total value of GH¢7.57 million. Despite the declines, the uptick in financial stocks offered a positive outlook for investors.
