GSE-CI Climbs to 7,040.46 Points as Market Cap Rises by GHS294.3m Despite Trade Slowdown
The Ghana Stock Exchange (GSE) closed today’s trading session on a positive note, with the benchmark Composite Index (GSE-CI) advancing to 7,040.46 points. The latest movement places the index’s Year-To-Date (YTD) return at an impressive 44.02%.
The Financial Stocks Index (GSE-FSI) also recorded a gain, rising by 11.05 points to 3,417.48 points. Its YTD return now stands at 43.54%, reflecting sustained investor confidence in the financial sector despite recent macroeconomic headwinds.
Market capitalisation saw a significant boost, increasing by GHS294.30 million to settle at GHS146.56 billion at the close of the session.
However, trade activity declined sharply, with total volume traded amounting to 1,574,138 shares – a 71.14% drop from the previous day. The value of trades for the day reached GHS12,620,943.10.
On the price movement chart, MTN Ghana (MTNGH) and the NewGold ETF (GLD) led the gainers, closing higher at GH¢3.60 and GH¢369.85 respectively. Conversely, CAL Bank (CAL) dipped to GH¢0.52, while Ecobank Transnational Incorporated (ETI) lost ground to close at GH¢0.81.
CAL topped the day’s activity chart with 688,147 shares changing hands, translating into a market value of GHS361,478.95. MTNGH, SIC Insurance (SIC), ETI, and GLD followed in descending order of volume traded, completing the top five most traded stocks for the session.
Market analysts suggest that while overall trade volumes dipped, the rise in key indices and market capitalisation signals resilience in investor sentiment, particularly in blue-chip and dividend-paying equities.
