GSE Indices Extend Gains as Market Activity Surges
The Ghana Stock Exchange (GSE) closed stronger on Wednesday, with both benchmark indices posting gains on the back of increased trading activity, largely driven by MTN Ghana (MTNGH).
The GSE Composite Index advanced to 7,596.49 points, reflecting a year-to-date (YTD) return of 55.39%, while the GSE Financial Stock Index rose to 3,518.70 points with a YTD return of 47.80%.
Total market capitalization climbed to GH¢1.63 billion. Trading activity was robust, as 4,467,270 shares exchanged hands, up 81.18% from the previous session. The trades were valued at GH¢18,130,013.17.
CAL Bank (CAL), Calydon (CLYD), MTN Ghana (MTNGH) and Gold Fields (GLD) recorded gains, closing at GH¢0.57, GH¢2.37 and GH¢3.90 respectively.
MTNGH dominated the session, accounting for 4,404,490 shares valued at GH¢17,700,241.65. Other actively traded equities included Ecobank Transnational Incorporated (ETI), Societe Generale Ghana (SOGEGH), Republic Bank Ghana (RBGH) and SIC Insurance (SIC).
