GSE Prime Index Opens Week Strong with 53.71-Point Gain; Market Cap Surges by GHS 667 Million
The Ghana Stock Exchange (GSE) commenced the new trading week on a bullish note, with the GSE Composite Index climbing by 53.71 points to close at 6,277.74 points. This performance pushes the benchmark index’s year-to-date (YTD) return to 27.40%.
The Financial Stock Index, however, remained unchanged at 3,287.72 points, sustaining its impressive YTD return of 38.09%.
The rally in the benchmark index was driven largely by price gains in MTN Ghana (MTNGH), GOIL and TotalEnergies Marketing Ghana (TOTAL), which closed at GH¢2.99, GH¢2.00 and GH¢25.03 respectively.
Despite the positive movement in the index, market activity dipped sharply. Total volume traded stood at 426,187 shares, representing a significant decline of 84.59% compared to the previous session. Trade value for the day amounted to GHS1,180,245.47.
MTNGH led the day’s trading activity, recording 361,112 shares exchanged at a market value of GHS1,080,350.22. Ecobank Transnational Incorporated (ETI), SIC Insurance Company (SIC), GOIL and CAL Bank (CAL) followed in descending order of volume traded.
Meanwhile, total market capitalization advanced by GHS666.84 million to settle at GHS136.97 billion, reflecting renewed investor confidence in the equities market.
