GSE Opens Week with 15.78% YTD Gains Amid Strong Trading Activity
The Ghana Stock Exchange (GSE) commences this week’s trading activities with a 15.78% year-to-date (YTD) return, reflecting sustained investor confidence in the local equities market.
The GSE Composite Index (GSE-CI) opens at 5,659 points, while the GSE Financial Stock Index (GSE-FSI) starts at 2,814 points, translating into an 18.21% YTD return for financial sector stocks.
Market Performance and Trading Activity
Total equities traded last week amounted to 16.4 million shares, with a corresponding market value of GHS 109 million.
The market capitalization at the close of last week’s trading stood at GHS 127.8 billion, indicating steady growth in market valuation.
Notably, SIC Insurance and Total Petroleum emerged as top gainers. SIC’s share price increased by GHS 0.03 to close at GHS 0.37, while Total Petroleum saw a GHS 1.36 rise, ending the week at GHS 14.98.
Outlook
With positive YTD returns and increased trading volumes, investor sentiment remains upbeat. Market watchers anticipate continued gains by equities in this week’s trading activities as macroeconomic conditions improve.
