GSE Index Inches Higher as Trading Volume Surges Over 566%
The benchmark Ghana Stock Exchange (GSE) Composite Index advanced by 4.33 points to close at 6,450.50 points, reflecting a robust year-to-date (YTD) return of 31.95%. The Financial Stock Index also recorded modest gains, rising by 3.85 points to end the session at 3,432.82 points, translating into a YTD return of 44.19%.
Market capitalization saw a significant boost, gaining GHS183.79 million to reach GHS139.88 billion, driven largely by gains in select large-cap stocks.
Trading activity witnessed a sharp uptick, with total volumes traded hitting 1,836,963 shares, a remarkable 566.78% jump compared to the previous session. The total value of equities traded on the day stood at GHS12,104,992.01.
Among the gainers, GOIL closed at GH¢2.10, MTNGH edged up to GH¢3.03, while RBGH climbed to GH¢0.83. Conversely, the price of GLD declined to GH¢365.51.
GCB Bank emerged as the most actively traded stock, accounting for 1,060,964 shares exchanged at a market value of GH¢10,047,329.08. MTNGH, SIC, ETI, and CAL Bank rounded out the top five most traded equities by volume.
With improved investor sentiment and increased liquidity on the bourse, market watchers will be keenly monitoring whether the current momentum is sustained in subsequent sessions.
