Market Capitalisation Hits GHS 140.27 Billion as GSE Records 85% Surge in Trade Value
The equity market extended its bullish trajectory on Thursday, lifted by broad-based gains in financial and energy stocks. The benchmark GSE Composite Index rose 20.77 points to close at 6,417 points, translating into a year-to-date gain of 31.28%.
Trading activity was markedly elevated, with volumes surging 112.6% to 1.92 million shares, while total turnover nearly doubled to GHS 6.98 million. The rally added GHS 237.9 million to the market’s total capitalisation, which climbed to GHS 140.27 billion.
Investor sentiment was buoyed by sustained interest in telecoms and financial stocks. MTN Ghana (MTNGH) led trading activity, accounting for GHS 5.69 million of the total value traded on the day, supported by a 0.01 gain in its share price to GH¢3.30, extending its year-to-date return to 32%.
GCB Bank topped the list of price gainers, climbing GH¢0.20 to close at GH¢7.60, reflecting a 19.31% gain since the start of the year. SIC Insurance continued its impressive run, advancing 0.07 pesewas to GH¢0.77, bringing its year-to-date performance to 185.2%.
Oil marketing firm GOIL edged up by 0.01 to GH¢1.77, while TotalEnergies Marketing Ghana gained GH¢0.49 to end the session at GH¢25.00.
The GSE Financial Stock Index (GSE-FSI) mirrored the broad-market gains, adding 7.55 points to close at 3,138 points, with its year-to-date return improving to 31.82%.
Meanwhile, the sole decliner on the day was the NewGold ETF (GLD), which fell GH¢6.86 to GH¢433.19, though it remains up by 10.93% on a year-to-date basis.
Market analysts say investor optimism in the local bourse is being underpinned by strong corporate earnings and resilient macroeconomic indicators.
