Local Bourse Posts 70% YTD Gain on Renewed Interest in Large-Cap Counters
The GSE’s main equities benchmark climbed further on Thursday, buoyed by gains in banking and telecoms stocks, as overall market capitalisation reached fresh highs.
The Ghana Stock Exchange Composite Index advanced to 8,330.55 points, bringing its year-to-date return to 70.41 per cent. The GSE Financial Stock Index also edged higher to 3,802.51 points, up 59.72 per cent since the start of the year. Total market capitalisation closed at GH¢164.61 billion.
Turnover improved, with 1,151,503 shares traded—an increase of 13.27 per cent from the previous session—amounting to GH¢3.12 million in value.
Among individual movers, Enterprise Group rose to GH¢3.35, GCB Bank gained to GH¢14.11, and MTN Ghana added to GH¢4.50. MTN dominated activity, accounting for nearly half of total trades, with 505,273 shares changing hands worth GH¢2.27 million.
Other actively traded stocks included Ecobank Transnational Incorporated, SIC Insurance, Société Générale Ghana, and Guinness Ghana Breweries.
The day’s gains extend a strong run for the local bourse, underpinned by renewed investor interest in financials and large-cap counters, even as analysts remain cautious about broader macroeconomic risks.
