"Stock market index rises by 71.69 points over the week; records YTD returns of 14.9%"

" Stock market index rises by 71.69 points over the week; records YTD returns of 14.9% \r\n\r\nThe stock market displayed a robust performance during the past week, with the GSE-Composite Index advancing by an impressive 71.69 points to close at 2,808.03, resulting in year-to-date returns of 14.90%.\r\n\r\nHowever, the GSE-Financial Stocks Index experienced a slight dip of 0.15% during the same period, leading to a year-to-date performance of -17.57%.\r\n\r\nThe market exhibited a noteworthy rebound in market capitalization, witnessing an increase of GH\u00a21,971.01 million from the previous week. As of the latest figures, market capitalization now stands at GH\u00a270.24 billion, signifying renewed investor confidence.\r\n\r\nThroughout the week, a total of twenty-five (25) equities were traded on the exchange. Standard Chartered Bank (SCB) and MTN Ghana (MTNGH) emerged as notable gainers, with both entities witnessing price increases of GH\u00a20.11 and GH\u00a20.06, culminating in respective closing prices of GH\u00a212.91 and GH\u00a21.32.\r\n\r\nIn contrast, Access Bank Ghana (ACCESS) experienced a second consecutive week of price decline, with its closing price settling at GH\u00a23.80 after a reduction of GH\u00a20.17.\r\n\r\nDespite the overall positive market sentiment, trading activity registered a decline compared to the preceding week. A total of 865,934 shares were traded, amounting to a value of GH\u00a2691,809.48. This represents a decrease of 54.43% in traded volume and a significant decline of 91.69% in traded value on a week-on-week basis.\r\n\r\nCal Bank PLC. (CAL) dominated trading volumes, accounting for \u00a2425,808.60 in trade value, which translates to 61.55% of the week's total traded value.\r\n\r\nAs the stock market continues to navigate through mixed performances, market participants remain cautious, closely observing the trends and shifts in various sectors. The recent improvements in market capitalization and the GSE-Composite Index may indicate a potential upward trajectory for the market, although challenges in the financial stocks segment warrant attention.\r\n\r\nInvestors are keeping a keen eye on prevailing economic conditions and potential regulatory developments that may impact market dynamics moving forward."

"Stock market index rises by 71.69 points over the week; records YTD returns of 14.9%"

BudgIT Ghana Calls for Deeper Reforms Following 2024 Open Parliament Index ReleaseAMP

Global Economy Undergoing Profound Transformation Amid Heightened Uncertainty, Says IMFC ChairAMP

Fitch Solutions Revises Ghana’s 2025 Growth Forecast Upwards to 4.9% on Easing Inflation and Stronger CediAMP