GSE Composite Index Advances as Market Capitalization Rises by GHS 149.18 Million
The Ghana Stock Exchange (GSE) closed in positive territory, with the benchmark GSE Composite Index (GSE-CI) gaining 11.29 points to settle at 6,230.22 points, extending its year-to-date return to 27.45%. The Financial Stock Index (GSE-FSI) inched up 0.89 points to 3,061.77 points, reflecting a 28.60% YTD gain.
Despite the upward momentum in indices, trading activity was subdued, with total market volume declining 69.29% to 538,819 shares, generating a turnover of GHS 1.53 million. Market capitalization, however, saw a notable increase of GHS 149.18 million, reaching GHS 137.14 billion.
Equity Performance
Investor sentiment remained mixed, with notable gains recorded in:
MTN Ghana (MTNGH), advancing GH¢0.05 to GH¢3.20
SIC Insurance (SIC), climbing GH¢0.02 to GH¢0.49
NewGold ETF (GLD), rising GH¢5.00 to GH¢455.00
Market Activity
MTNGH dominated trading, with 411,832 shares changing hands, amounting to GHS 1.32 million in value. Other actively traded stocks included CAL Bank (CAL), Ecobank Transnational (ETI), SIC Insurance (SIC), and Fan Milk Limited (FML).
