GSE Market Capitalization Hits GHS 100 Billion Milestone for First Time Since Inception
Market capitalization of the local bourse – Ghana Stock Exchange – has for the first time since its inception in 1989 and subsequent commencement in 1990, reached the GHS 100 billion milestone.
The local bourse reached this milestone on Thursday, October 31, 2024, after recording a GHS 908m increase in market valuation over the previous day’s reading.
Currently, the GSE’s market capitalization stands at GHS 100.15 billion.
In dollar terms, this translates into some $6.16 billion at the current exchange rate.
Increase in the market capitalisation of the local bourse was driven by a significant rise in the volume and value traded of listed equities.
The volume of shares traded saw a surge to 202,998 from the previous 37,276 shares.
The total value traded likewise increased 185.51% to GH¢11,897,793.72 from GH¢4,167,185.50 previously.
GLD, MTNGH, and ETI rose to GH¢450.96, GH¢2.16 and GH¢0.20 respectively, while TOTAL dipped to GH¢12.83.
Among the top five traded equities, MTNGH led with the highest volume, trading 151,762 shares valued at GH¢327,732.67.
Other top-traded equities included GLD, FML, CPC, and TOTAL, though their trading volumes were significantly lower in comparison.
On the back of the increased volume and value traded, the GSE Composite Index ended Thursday’s trading activity at 59.20 points higher at 4,385.94 points with its Year-To-Date return (YTD) at 40.12%.
The GSE Financial Stock Index also rose 8.51 points to 2,237.45 points returning 17.66% year-to-date.
