GSE Composite Index Surges 75.94 Points as Market Cap Hits GHS 143.42 Billion
The benchmark GSE Composite Index of the Ghana Stock Exchange (GSE) advanced by 75.94 points to close at 6,683.53 points on Thursday. The latest movement pushes the index’s Year-To-Date (YTD) return to 36.72%.
Similarly, the GSE Financial Stock Index posted marginal gains, adding 1.80 points to settle at 3,168.48 points, translating into a 33.09% YTD return for financial counters.
The market’s bullish performance was also reflected in its capitalization, which rose by GHS 937.29 million to close at GHS 143.42 billion, supported by positive investor sentiment and notable gains in some counters.
Trade activity showed marked improvement with the volume of shares traded increasing by 15.96% to 1,480,930 shares. The total market turnover stood at GHS 5,041,921.56.
MTN Ghana (MTNGH) and GCB Bank emerged as the session’s top gainers. MTNGH inched up to GH¢3.53 per share, while GCB closed at GH¢7.66.
MTNGH dominated trading activity, accounting for 1,321,275 shares valued at GHS 4,665,444.70. The telecom giant was followed by Ecobank Transnational Incorporated (88,770), CAL Bank (62,949), GCB Bank (5,364), and Société Générale Ghana (910) in that order, in terms of volume traded.
Market analysts expect the bullish momentum to continue in the short term, buoyed by investor interest in high-performing blue-chip stocks and strong earnings expectations across key sectors.
