GSE Opens Week with 23.51% YTD Return Amid Sustained Investor Confidence
The Ghana Stock Exchange (GSE) commences this week’s trading activity on a positive note, posting a 23.51% year-to-date (YTD) return, a sign of sustained investor confidence in the local equities market.
The benchmark GSE Composite Index (GSE-CI) opens at 6,037 points, while the GSE Financial Stock Index (GSE-FSI)—which tracks financial sector stocks—begins at 2,889 points, reflecting a 21.35% YTD return for the sector.
Meanwhile, trading activity last week saw a total 3.4 million shares traded, translating into a market value of GHS 9.5 million. At the close of trading last week, the market capitalization of the GSE stood at GHS 133 billion, underscoring steady growth in overall market valuation.
Among the notable gainers last week were Benso Oil Palm Plantation (BOPP), CalBank (CAL), MTN Ghana (MTNGH), Standard Chartered Bank (SCB), and Société Générale Ghana (SOGEGH). Their share prices settled at GHS 27, GHS 0.77, GHS 3.20, GHS 25.50, and GHS 1.55, respectively.
With strong YTD returns and increased trading volumes, investor sentiment remains optimistic. Market analysts expect equities to maintain their upward trajectory this week, supported by improving macroeconomic conditions.
