GSE Market Activity Surges as Share Value Jumps 966%
The Ghana Stock Exchange (GSE) recorded a sharp increase in trading activity, with total volumes rising 216.28% to 449,226 shares, up from 142,036 in the previous session.
The value of shares traded saw an even more pronounced jump of 966.97%, reaching GHS 1,746,484.32, compared to GHS 163,685.99 a day earlier.
Investor sentiment remained positive, with Standard Chartered Bank (SCB) advancing GH¢2.01, while the Ghana Commodity Exchange’s Gold ETF (GLD) gained GH¢5.16, closing at GH¢433.00.
Market Leaders and Key Movements
Telecoms giant MTN Ghana (MTNGH) dominated trading activity, accounting for 438,573 shares valued at GHS 1,206,075.75.
Other actively traded stocks included DASPHARMA, SIC, SCB, and GLD, though their trading volumes were comparatively lower.
Market capitalisation climbed by GH¢285.83 million, reaching GH¢118.34 billion, reflecting a bullish stance among investors.
Index Performance
- The GSE Composite Index (GSE-CI) gained 21.83 points, closing at 5,267.19, with a year-to-date (YTD) return of 7.75%.
- The GSE Financial Stock Index (GSE-FSI) advanced 30.65 points to 2,527.84, posting a 6.18% YTD return.
The sharp uptick in trading volumes and market performance underscores renewed investor confidence in Ghana’s equities market, with blue-chip stocks leading gains.
How much of these growth numbers driven by new iIPOs, price growth and intensified trading of existing shares.
IPOs suggests more stable growth.
The price route is a bubble waiting to burst.
Intensified trading signals profit taking that should cool off.
What are we heading toward?