GSE Extends Gains as Composite Index Hits 8,484 Points; Market Cap Rises to GH¢166.73bn
The Ghana Stock Exchange (GSE) extended its bullish run on Thursday, with the benchmark GSE Composite Index (GSE-CI) advancing to 8,484.39 points, reflecting a strong year-to-date (YTD) return of 73.56 percent.
The GSE Financial Stock Index (GSE-FSI) also recorded gains, climbing to 3,931.17 points with a YTD return of 65.12 percent, driven largely by renewed investor interest in banking equities.
Total market capitalization closed higher at GH¢166.73 billion, underscoring sustained confidence in the equities market. However, trading activity slowed markedly as 1,521,843 shares changed hands, representing an 84.63 percent drop in volume compared to the previous session.
The total value of trades stood at GH¢19,212,850.96, buoyed mainly by transactions in GCB Bank Plc, which emerged as the most traded equity of the day. GCB accounted for 1,127,005 shares valued at GH¢17,112,956.12, followed by MTN Ghana, CAL Bank, Fan Milk Limited (FML) and Ecobank Transnational Incorporated (ETI).
On the price movers’ board, Benso Oil Palm Plantation (BOPP) and Fan Milk Limited (FML) led the gainers, appreciating to GH¢38.06 and GH¢5.99 per share respectively. Conversely, Unilever Ghana (UNIL) and NewGold ETF (GLD) declined to GH¢19.80 and GH¢482.09 respectively.
The market’s continued uptrend reflects growing investor optimism, bolstered by robust corporate earnings and improving macroeconomic indicators.
