Prime Index Surges on Strong Trading as YTD Gains Hit 59.13%
The Ghana Stock Exchange (GSE) closed the week on a bullish note, with the Composite Index advancing 509.75 points to 7,779.15 points. The rally pushed year-to-date (YTD) gains to 59.13%, up sharply from 48.70% the previous week, reflecting sustained investor confidence in the local bourse.
The GSE Financial Stock Index also registered a notable climb, ending the week at 3,653.69 points, representing a YTD increase of 53.47%.
Market capitalisation rose to GH¢157.37 billion, from GH¢149.03bn the previous week, while trading activity remained robust. There was, however, a 6.05% (8.79 million) drop in volume of shares traded.
Total value of shares traded amounted to GH 33.76 million with MTN Ghana once again dominating market activity and accounting for GH¢28.56 million of the week’s total value traded, far outpacing other counters. CAL Bank, Ecobank Transnational Inc. (ETI), Societe Generale Ghana, and SIC Insurance rounded out the top five most traded equities.
Among the gainers, GLD surged 5.75% to GH¢459.00, while Benso Oil Palm Plantation (BOPP) climbed 3.43% to GH¢37.78. GCB Bank advanced 1.38% to GH¢13.50, with MTN Ghana inching up 0.35% to GH¢4.09. In contrast, Unilever Ghana (UNIL) was the sole decliner, falling 0.40% to GH¢20.00.
The week’s performance underscores the resilience of Ghana’s equity market, which has consistently outpaced inflation in recent time, with equities increasingly viewed as a viable long-term investment option.
