GSE Extends Rally as Composite Index Gains 848 Points Week-on-Week; Market Capitalisation Rises by GH¢12.54bn
The Ghana Stock Exchange (GSE) closed the week in positive territory, underpinned by sustained buying interest in select equities and easing selling pressure across the market.
The GSE Composite Index (GSE-CI) advanced by 848.89 points week-on-week to settle at 14,873.11, pushing its year-to-date (YTD) return to 69.59%. Similarly, the GSE Financial Stocks Index (GSE-FSI) gained 526.99 points, recording a stronger YTD return of 90.25%.
The improved performance reflects moderate trading activity and resilient investor sentiment, with demand concentrated largely in blue-chip counters.
Market capitalisation increased by GH¢12.54 billion over the review period to close at GH¢278.98 billion, reinforcing the upward momentum observed in recent weeks.
On the trading front, a total of 13.55 million shares were exchanged, translating into a market value of GH¢87.33 million, compared to GH¢62.32 million recorded in the previous week.
In terms of price movements, GCB Bank Plc emerged as the top gainer, appreciating by GH¢10.75 to close at GH¢42.52, representing a YTD gain of 111.44%. Other notable gainers included SIC Insurance Company, which posted a significant YTD return of 348.33%, and Republic Bank Ghana, up 329.23% on a year-to-date basis.
Conversely, GLD recorded the steepest decline for the week, shedding GH¢5.83 to close at GH¢497.06, while BOPP and TotalEnergies Marketing Ghana also posted notable losses.
MTN Ghana dominated trading activity, recording the highest traded value of GH¢38.34 million on a volume of 5.97 million shares. GCB Bank followed with a traded value of GH¢23.33 million, while SIC Insurance, Ecobank Transnational Incorporated, and GLD also featured among the most actively traded equities.
Overall, the market’s performance signals sustained investor confidence, although analysts caution that trading volumes remain relatively moderate, suggesting a measured approach by investors despite the strong index gains.
