GSE market capitalisation hits GHS 80.3bn; YTD returns on equity prices rise to 17.79%
The benchmark index of the Ghana Stock Exchange (GSE Composite Index) at the close of Tuesday’s trading session soared by 133.92 points, culminating in a robust closure at 3,687.09 points. This buoyancy translates to a noteworthy year-to-date return of 17.79% on equity prices, underlining the market’s resilience and investor confidence.
While the GSE Financial Stocks Index maintained its steadiness, closing unchanged at 2,044.36 points, its year-to-date return remains commendable at 7.51%. This steadfast performance underscores the stability within the financial sector amidst broader market fluctuations.
Of particular interest was the noteworthy performance of the MTNGH counter, which witnessed a commendable surge to GH¢1.75 from its previous standing at GH¢1.64. This uptick, coupled with a turnover of GH¢10,040.20 from 5,730 shares traded, underscores investor interest and activity within the telecommunications sector.
In a testament to the market’s burgeoning growth, the overall market capitalization of the GSE swelled by GH¢1,455.98 million to an impressive GH¢80.34 billion. This substantial increase reflects a burgeoning investor sentiment and the influx of capital into Ghana’s equities market.
Tuesday’s trading session showcased a remarkable surge in total turnover, reaching GH¢180,833.26, marking a remarkable uptick of 91.33% from the previous session. This heightened trading activity, spanning across ten different counters, highlights the market’s vibrancy and the increasing appetite for equities among investors.
Furthermore, notable outstanding offers for ACCESS, GOIL, FML, and EGL at GH¢4.80, GH¢1.50, GH¢3.20, and GH¢2.39 respectively underscore the ongoing market dynamics and investor sentiments towards specific equities.
The recent performance of the Ghana Stock Exchange reflects a market characterized by resilience, dynamism, and burgeoning investor interest.
