GSE Market Capitalization Rises to Circa GHS 94 Billion
The Ghana Stock Exchange (GSE) recorded a modest increase in market capitalization, rising by GH¢261.88 million to GH¢93.99 billion, up from GH¢93.73 billion.
However, trading activity saw a steep decline, with the volume of shares traded plummeting 94.98% to 261,970 shares, a significant drop from the 5.22 million shares traded previously.
The value of shares traded also contracted sharply, falling 90.23% to GH¢1.18 million from the previous GH¢12.07 million.
GCB Bank was the standout performer, gaining GH¢0.08 to close at GH¢6.00, while Ecobank Transnational Incorporated (ETI) posted a slight increase of GH¢0.01, ending the session at GH¢0.17.
GCB also led trading volumes, with 155,305 shares traded at a value of GH¢931,415, significantly outperforming other heavily traded equities such as MTN Ghana, ETI, Fan Milk Limited (FML), and GOIL, which saw markedly lower trading volumes.
Despite the subdued trading volumes, the GSE Composite Index continued its upward trajectory, adding 8.83 points to reach 4,503.17, reflecting a year-to-date gain of 43.86%, up from 43.58%.
The GSE Financial Stock Index similarly saw positive movement, rising to 2,153.83, with a year-to-date increase of 13.27%.
The contrasting signals — a rise in market capitalization and index performance, set against declining trading volumes — suggest a market experiencing selective investor optimism, underpinned by strong gains in key stocks such as GCB.
