Measured Investor Demand Pushes GSE Composite Index Above 9,000 Points
Trading on the Ghana Stock Exchange (GSE) ended the session on a modestly positive note, as measured investor participation in a few heavyweight stocks provided support for the benchmark indices.
The GSE Composite Index (GSE-CI) inched up by 0.05% to close at 9,001.57 points, lifting its year-to-date (YTD) return to 2.64%. The GSE Financial Stocks Index (GSE-FSI) also recorded a marginal gain of 0.12% to settle at 4,925.89 points, pushing its YTD performance to 6.00%, according to market data from the Exchange.
Market activity, however, was subdued, with price movements limited to a small number of equities. CAL Bank and GCB Bank posted modest gains, as CAL advanced by GH¢0.05 to close at GH¢0.81, while GCB added GH¢0.01 to end the session at GH¢22.06.
In contrast, Societe Generale Ghana (SOGEGH) emerged as the sole decliner, shedding GH¢0.22 to close at GH¢4.71.
Despite the narrow price action, the banking sector dominated market turnover. SOGEGH led activity, accounting for the highest traded value of GH¢6.22 million, from a total volume of 1.32 million shares exchanged. This placed the stock at the top of the turnover chart for the session.
Overall market capitalisation stood at GH¢178.77 billion, reflecting the marginal improvement in index performance, even as trading volumes and values declined sharply compared to the previous session.
