GSE: Market Capitalisation Increases to GHS 93.31bn; Financial Stock Index Achieves 10.17% YTD Return
The Ghana Stock Exchange (GSE) Composite Index advanced by 25.04 points, marking a 3.94% week-on-week increase and closing at 4,490.18 points.
This significant gain extends the index’s impressive year-to-date (YTD) growth to 43.45%.
In tandem, the GSE Financial Stock Index rose to 2,094.90 points, yielding a YTD return of 10.17%.
Market Movers
Leading the charge, MTNGH and Enterprise Group Limited (EGL) enjoyed a streak of daily gains, closing at GH¢2.34 and GH¢1.55, respectively.
In contrast, several stocks faced declines: Total Petroleum Ghana Limited (TOTAL) fell by GH¢0.04, Fan Milk Limited (FML) tumbled by GH¢3.50, and GLD saw a substantial drop of GH¢4.65.
Market Capitalisation and Trade Volume
The market’s total value recorded a notable rise, reaching GH¢93.31 billion, despite a significant decrease in both trade turnover and volumes traded on a week-on-week basis.
Dominant Players
MTNGH emerged as the dominant counter, leading both the volume and value charts. CAL Bank Limited (CAL) followed, with 322,386 shares traded at a total value of GH¢109,588.95.
Enterprise Group Limited (EGL), Republic Bank Ghana (RBGH), and GLD rounded out the top five in trade activity rankings for the week.
Overall, the stock market demonstrated robust resilience and selective growth, reflecting diverse investor sentiment and market dynamics.
