GSE Market Cap Hits New Record High of GHS 160bn as Indices Extend Gains
The Ghana Stock Exchange (GSE) closed Thursday’s session on a bullish note, with the market hitting a new record capitalization of GHS 160.74 billion on the back of sustained investor interest.
The benchmark GSE Composite Index (GSE-CI) advanced by 217.60 points to close at 8,046.69 points, pushing its year-to-date (YTD) return to 64.60 percent. The GSE Financial Stock Index (GSE-FSI) also climbed to 3,738.36 points, representing a 57.02 percent return since the start of the year.
A total of 416,360 shares exchanged hands, representing a 44.18 percent decline in volume compared to the previous session. The trades were valued at GHS 1,505,003.45.
GLD led the gainers, rising to close at GH¢473.35. SIC Insurance emerged as the most actively traded stock, accounting for 120,261 shares valued at GHS 126,274.05. Other top traded counters included CAL Bank, MTN Ghana, Fan Milk Limited (FML), and Ecobank Transnational Incorporated (ETI).
Analysts note that the continued upward trajectory of the benchmark indices reflects strong investor confidence in equities despite the lower trading volumes recorded in the session.
