Ghana Stock Exchange records marginal gains
The Ghana Stock Exchange (GSE) has sustained its upward momentum from last week, with the benchmark GSE Composite Index (GSE-CI) climbing 1.16% to close at 6,180.14 points.
This follows a 1.18% gain recorded in the previous week, underscoring a continued positive sentiment in the equities market.
Financial stocks were the primary drivers of market performance, with the GSE Financial Stock Index (GSE-FSI) advancing 1.90% to 3,036.85 points, pushing its year-to-date (YTD) return to 27.56%.
Market capitalisation rose to GH¢136.51 billion, reflecting an increase from the previous week’s GH¢135.10 billion.
However, trading activity was mixed, with the volume of shares traded declining by 18.41% while trade turnover surged by 1,014.01%.
Among the top performers, NewGold ETF (GLD) and TotalEnergies (TOTAL) led the gainers, closing at GH¢452.25 and GH¢24.08, respectively.
MTN Ghana (MTNGH) remained the most actively traded stock, with 1.34 million shares changing hands at a total value of GH¢4.24 million.
Clydestone (CLYD) rounded off the top five traded stocks, recording a volume of 60,015 shares worth GH¢3,000.90.
The market’s performance has suggested sustained investor confidence, particularly in financial equities, despite a decline in trading volumes.
Analysts have also anticipated further gains should macroeconomic conditions remain favourable.
SP/EK
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