GSE turns bullish with 20.51% returns on equities
The Ghana Stock Exchange (GSE) Composite Index experienced a notable increase of 18.41 points, equivalent to a 0.49% week-on-week (w/w) rise, closing at 3,772.10 points.
This gain contributes to a robust year-to-date (YTD) growth of 20.51%.
Similarly, the GSE Financial Stock Index saw a 1.56% w/w uplift, ending the week at 2,084.77 points and reflecting a YTD return of 9.63%.
Among individual stocks, GCB Bank (GCB) recorded its largest weekly gain of the year, rising by GH¢0.69 to close at GH¢5.25.
Benso Oil Palm Plantation (BOPP) also saw an increase, earning GH¢0.44 to return to its starting price of GH¢22.00 for the year.
State Insurance Company (SIC) edged up by GH¢0.01, finishing the week at GH¢0.25.
Conversely, GLD made a significant gain of GH¢9.74, closing at GH¢343.86.
The market’s total value surged by GH¢185.07 million, reaching GH¢84.20 billion, compared to the previous week.
However, trade turnover saw a sharp decline, more than halving from the previous week’s volume.
MTN Ghana (MTNGH) dominated the trading activity, leading in volume traded.
GCB followed, with 308,750 shares exchanged, amounting to a total value of GH¢1,506,330.00.
SIC, Total Petroleum Ghana (TOTAL), and Intravenous Infusions Limited (IIL) rounded out the top five in trading volume for the week.
Overall, despite a dip in trade turnover, the GSE indexes continue to show strength, supported by significant gains in key stocks.
