GSE Records Mild Upside on Indices Despite GHS 8.53m Dip in Market Capitalisation
The Ghana Stock Exchange (GSE) ended the week with a mixed performance, as modest gains in the benchmark indices contrasted with a notable decline in total market value.
The Composite Index (GSE-CI) inched up by 0.15% to close at 8,622.64, buoyed largely by improved activity in select banking and energy counters. Similarly, the Financial Stock Index (GSE-FSI) advanced by 0.71% to 4,487.85, reflecting renewed interest in key financial sector stocks.
Despite the uptick in the indices, market breadth tilted negative. Losses in some major counters dragged total market capitalization lower by GH¢8.53 million, settling at GH¢166.48 billion for the week.
Among the top performers, Ecobank Ghana (EGH) led the gainers, climbing GH¢1.02 to GH¢24.02. CAL Bank followed with a GH¢0.03 increase to GH¢0.41, while GOIL added GH¢0.02 to close at GH¢2.85.
Profit-taking activities weighed on several large-cap counters. MTN Ghana shed GH¢0.01 to close at GH¢4.20, Ecobank Transnational Incorporated (ETI) slipped GH¢0.01 to GH¢0.80, TOTALE fell GH¢0.04 to GH¢40.37, and NewGold ETF (GLD) retreated by GH¢0.51 to GH¢449.35.
Overall, the exchange closed the week marginally stronger on the indices but weaker in value terms, as declines in heavyweight stocks offset gains recorded across other sectors.
