GSE Composite Index Advances as GCB Surpasses 70% YTD Return
The Ghana Stock Exchange (GSE) closed higher on Wednesday, with the benchmark GSE Composite Index (GSE-CI) gaining 10.04 points to settle at 7,320.21 points. The performance pushed the year-to-date (YTD) return to 49.74%.
Similarly, the GSE Financial Stock Index (GSE-FSI) advanced to 3,442.21 points, translating into a 44.58% YTD return.
Market capitalisation, however, held steady at GH¢1.49 billion.
Trading activity surged, with a total of 4,487,939 shares exchanging hands, a 62.56% increase compared to the previous session. The trades were valued at GH¢14.19 million.
Among the gainers, GCB Bank Plc (GCB) closed at GH¢11.02, propelling its YTD return beyond the 70% mark, while NewGold ETF (GLD) advanced to GH¢415.30. On the downside, MTN Ghana (MTNGH) dipped to GH¢3.84.
MTNGH dominated market activity with 3,429,757 shares traded, valued at GH¢13.17 million. CAL Bank (CAL), Société Générale Ghana (SOGEGH), SIC Insurance (SIC), and Ecobank Transnational Incorporated (ETI) followed in the ranking of most-traded equities.
