GSE Composite Index Up 46.51% YTD as Market Capitalization Hits GHS 147.91 Billion
The Ghana Stock Exchange (GSE) closed Thursday’s trading session with a mixed performance across its benchmark indices.
The GSE Composite Index rose by 5.59 points to close at 7,162.20 points, pushing its Year-To-Date (YTD) return to 46.51%. Conversely, the Financial Stocks Index dropped by 8.70 points to settle at 3,408.78 points, reflecting a YTD return of 43.18%.
Market capitalization climbed by GHS1.35 billion to close at GHS147.91 billion, driven largely by gains in key stocks such as MTN Ghana (MTNGH) and the Ghana Commodity Exchange’s gold-backed ETF (GLD), which advanced to GH¢3.72 and GH¢370.00 respectively.
On the downside, Ecobank Transnational Incorporated (ETI) shed value to close at GH¢0.80, while Access Bank Ghana (ACCESS) declined to GH¢16.37.
Trade activity slowed significantly on the day, with total volume traded plunging by 63.09% to 581,013 shares, culminating in a trade value of GHS1,678,800.18.
MTNGH led trading activity, accounting for the highest volume and value traded — 325,618 shares worth GH¢1,212,069.64. ETI, CAL Bank, SIC Insurance, and Intravenous Infusions Ltd (IIL) followed in that order to complete the top five most traded equities by volume.
