GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468%
The Ghana Stock Exchange (GSE) recorded significant gains on Monday, with the benchmark GSE Composite Index (GSE-CI) climbing to 7,005.69 points, representing a Year-To-Date (YTD) return of 43.31%.
The Financial Stocks Index (GSE-FSI) also inched up by 0.38 points to 3,428.53, translating into a YTD return of 44.01%.
Market capitalisation ended the trading session GHS139.62 million higher, closing at GHS146.27 billion, as investor sentiment appeared buoyant.
Trade activity saw a sharp spike, with a total of 5,454,545 shares changing hands—up by 468.05% compared to the previous day’s session. This surge in volume translated into a total market turnover of GHS19,067,113.90.
Gains in the equities of GCB Bank, GOIL and MTN Ghana supported the rally, as they closed at GH¢9.54, GH¢2.17 and GH¢3.56 respectively. Conversely, SIC Insurance slipped to GH¢1.04.
MTN Ghana (MTNGH) dominated trading activity, accounting for the bulk of transactions with 5,169,601 shares traded, valued at GHS18.40 million. The telecom giant was followed by Republic Bank Ghana (RBGH), Ecobank Transnational Inc. (ETI), CAL Bank and SIC Insurance in terms of trading volume.
The day’s performance signals renewed investor interest in the local bourse amid broader confidence in key market fundamentals.
